US House committee approves blueprint for crackdown against Google, Facebook, Apple and other tech companies
WASHINGTON: The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday.
With the approval during a marathon, partisan hearing, the more than 400 page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc’s Google, Apple Inc, Amazon.com and Facebook .
The report was approved by a 24-17 vote that split along party lines. The companies have denied any wrongdoing.
The report first released in October – the first such congressional review of the tech industry – suggested extensive changes to antitrust law and described dozens of instances where it said the companies had misused their power.