House Panel Urges Tech Giant Breakup in Plan Republicans Shunned
- Democratic panel issues proposals after 16-month investigation
- House report proposes curbs on acquisitions for tech companies
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A House panel proposed far-reaching antitrust reforms to curb the power of U.S. technology giants including Amazon.com Inc. and Alphabet Inc.’s Google, culminating a 16-month investigation with a damning 449-page report that Republicans largely shunned.
The recommendations from the House antitrust subcommittee represent the most dramatic proposal to overhaul competition law in decades, and could lead to the breakup of tech companies if approved by Congress.