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Tech Antitrust Showdown Opens as Lawmaker Rips ‘Bullying’

  • House Judiciary takes up bills lacking sure path to become law
  • Measures could force Amazon, Apple to change business models
Bloomberg business news
WATCH: Rep. Victoria Spartz, Republican from Indiana, discusses proposed antitrust legislation in Congress that are targeting big tech companies.(Source: Bloomberg)
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The House Judiciary Committee’s consideration of antitrust bills targeting big tech began Wednesday with bipartisan pledges to use legislation to break the hold that the largest companies have on the internet economy.

In its first action, the committee approved a bill revising the fees companies pay when they seek antitrust approval for mergers. It would increase fees for the biggest deals, and the money would provide additional funding for the Federal Trade Commission and the Justice Department to pursue antitrust cases.