Home Business News The US Senator wants to ban Big Tech from buying anything again

The US Senator wants to ban Big Tech from buying anything again


© Reuters. The US Senate Councils examine the security flaws that led to the attack on the Capitol

WASHINGTON (Reuters) – US Senator Josh Hawley, a Republican who served as a stern critic of Big Tech, said on Monday he launched a bill banning all mergers and acquisitions of any company with a market value greater than $ 100 billion, a portfolio of five of the largest US tech firms.

Hawley, who accuses the biggest social media companies of choking conservative voices, has also criticized other sectors, such as pharmaceuticals, which he thinks are too focused and wield too much market power.

His new bill would ban Apple Inc (NASDAQ :), Microsoft Corp (NASDAQ :), Amazon.com Inc (NASDAQ :), Alphabet (NASDAQ 🙂 Inc’s Google et al Facebook Inc (NASDAQ 🙂 from any transaction and will try to prevent their platforms from favoring their own products over those of their competitors.

Hawley’s bill addresses some of the same issues as the antitrust bill introduced by Democratic Sen. Amy Klobuchar in February, and has several similar measures.

When asked about Klobuchar’s bill, Hawley said, “I am willing to work with her and anyone of any party and any circumstances. I like so many things that Senator Klobuchar has suggested. export. “

He describes his bill as “significantly more difficult.”

In the House of Representatives, Representative David Cicilline said he plans to introduce a series of antitrust bills.

Hawley was also asked if he supports technology critic Lina Khan, a progressive man who has been nominated as a commissioner on the Federal Trade Commission, which works with the Justice Department to enforce antitoxin laws. right or not. Hawley said he was “very impressed” about her but added, “I have not made a final decision yet.”

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