Something unusual happened on Capitol Hill last week: The Big Tech companies, their hundreds of lobbyists, and their well-funded network of policy groups took a loss. The House of Representatives successfully passed a small package of antitrust reform bills designed, in part, to limit gamesmanship and increase scrutiny on the largest, most powerful corporations in world history.
Now, they didn’t save the world or anything; the bills the House just passed are small, procedural, and bureaucratic in the grand scheme of things. Nevertheless, they are very important.
One bill requires firms undergoing a merger to disclose whether they receive funding from the Chinese government. (Sounds smart enough.)