Two senators launched a bipartisan bill in the United States that seeks to make it harder for big tech companies to make acquisitions.
Democratic senator Amy Klobuchar’s office, who chairs the Senate’s competition defense committee, announced this Friday (5) that she and Republican Tom Cotton have submitted a bill that targets companies like Alphabet (owner of Google) and Facebook.
The text makes it easier for the government to prevent deals that may violate antitrust rules by requiring companies to prove to the courts that the transaction favors competition.
A similar bill, launched by Democratic Representative Hakeem Jeffries and colleagues, has passed the House Judiciary Committee and is awaiting a vote by the floor.
Traditionally, it has been up to the government and its antitrust force to prove that a particular transaction may cause price increases or otherwise be illegal.
“We are seeing more and more companies that prefer to buy rivals than compete with them,” said Klobuchar.
“This bipartisan project will put an end to these anti-competitive acquisitions by making it harder for mainstream digital platforms to eliminate competitors.”
Other projects have already sought to contain the market power of large technology companies. Although none of them became law, one of them, which increases resources for authorities, passed the Senate.
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