House Committee Approves Antitrust Report Recommending Curbs On Big Tech

The House Judiciary committee has approved a staff report alleging that Apple, Amazon, Facebook, and Google abused their “tremendous power” by “charging exorbitant fees, imposing oppressive contract terms, and extracting valuable data from the people and businesses that rely on them.”

The report's approval, which passed by a vote of 24-17, is seen as likely to spur new antitrust legislation.

The 450-page report, released last October by the House antitrust subcommittee, alleges that the four tech companies maintained their market dominance by copying or acquiring competitive rivals, and engaged in “self-preferencing, predatory pricing, or exclusionary conduct.”