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House panel pushes legislation targeting Big Tech’s power | Money

The panel then dug into a complex measure that would require online platforms to allow users to communicate directly with users on rival services. Proponents said it also would give consumers more power to determine how and with whom their data is shared.

The advance of the massive, bipartisan legislation comes as the tech giants already are smarting under federal investigations, epic antitrust lawsuits, near-constant condemnation from politicians of both parties, and a newly installed head of the powerful FTC who is a fierce critic of the industry.

The legislative package, led by industry critic Rep. David Cicilline, D-R.I., targets the companies’ structure and could point toward breaking them up, a dramatic step for Congress to take against a powerful industry whose products are woven into everyday life. If such steps were mandated, they could bring the biggest changes to the industry since the federal government’s landmark case against Microsoft some 20 years ago.

The Democratic lawmakers championing the proposals reaffirmed the case for curbing Big Tech as the committee began digging into the legislation.

It “will pave the way for a stronger economy and a stronger democracy for the American people by reining in anti-competitive abuses of the most dominant firms online,” said Rep. Jerrold Nadler, D-N.Y., the Judiciary Committee chair. “Each bill is an essential part of a bipartisan plan to level the playing field for innovators, entrepreneurs and startup — and to bring the benefits of increased innovation and choice to American consumers.”

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Originally Appeared Here

Filed Under: NEBRASKA, omaha.com

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