June 13, 2021
1 min read

US lawmakers introduce bills to curb powers of big tech firms

The bills, which mainly target the four giants, would require dominant platforms to prove their acquisitions are lawful….reports Asian Lite News

A bipartisan group of lawmakers in the US House of Representatives on Friday introduced a package of bills aimed at curbing the power of tech giants.

The move comes amid growing criticism that tech firms such as Google, Apple, Facebook and Amazon, known collectively as GAFA, are undermining competition by taking advantage of their market dominance, reported NHK World.

In October last year, a House subcommittee released a report calling for stricter regulations on these firms, including the possibility of breaking them up.

https://www.youtube.com/watch?v=SsmoXLUHyeE

The bills, which mainly target the four giants, would require dominant platforms to prove their acquisitions are lawful. They would also prohibit them from giving preference to their own products.

One lawmaker said the four firms have become too big to care, and that the bipartisan bills would rein in monopolistic practices and restore fairness and competition.

US media outlets are reporting the legislation could force the tech giants to overhaul their business models.

ALSO READ: FBI to treat ransomware incidents as terror attacks

Previous Story

France backs India, asks G-7 to lift export curbs on vax materials

Next Story

Amol is busy with his own script

Latest from -Top News

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist

Vatican Hosts Final Rites for Pope Francis

The Argentine-born pontiff, the first from Latin America, died less than a month after returning home from a prolonged five-week hospitalisation for double pneumonia….reports Asian Lite News In an outpouring of global
Go toTop

Don't Miss

Baloch American Congress Seeks Biden’s Action on Balochistan

The BAC has expressed concern over the issue of enforced

Biden approves disaster declaration for Mississippi  

The White House said that John Boyle of the Federal