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Google, Facebook Pressure Falls Short as Major Antitrust Measures Advance in House Committee

Published by

November 28, 2024
(GMT+2)

A House committee approved far-reaching legislation to curb the market supremacy of tech giants, including Alphabet Inc’s Google and Facebook Inc., but much of the effort faced intensive lobbying by affected firms that slowed the committee’s work and foreshadowed a pitched battle in the Senate.In a package of six bills, the most noteworthy measure to pass by late Wednesday requires that the biggest internet platforms make it easier for users to transfer their data to other platforms and even communicate with users on other platforms. The bill-known as the Augmentign Compatibility and Competition by enabling Service Switching, or Access, Act would give the Federal Trade Commission sizable new powers to set personalized standards for the tech giants.The bills must still pass the full House, where the timetable for bringing them to the floor for final votes remains undefined.However, the debate regarding the House Judiciary Committee’s package of legislation lasted much of the day and continued into the night, as Republicans-and some Democrats-raised concerns and floated adaptations.

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