House Judiciary Committee to investigate "weak" antitrust enforcement of technology firms
A bipartisan investigation from the House Judiciary Committee is slated to examine dominant firms in the tech industry and review whether existing laws are sufficient to deal with competition issues within digital markets.
The House Antitrust Subcommittee has announced a bipartisan investigation into so-called Big Tech companies. While specific companies have not been named in the announcement, Chairman David N. Cicilline (RI-01) specified that it is aimed at "platform gatekeepers" and "dominant firms."
"The growth of monopoly power across our economy is one of the most pressing economic and political challenges we face today," said Cicilline in a statement. "Market power in digital markets presents a whole new set of dangers."
"After four decades of weak antitrust enforcement and judicial hostility to antitrust cases," he continued, "it is critical that Congress step in to determine whether existing laws are adequate to tackle abusive conduct by platform gatekeepers or whether we need new legislation to respond to this challenge."
The committee is to issue "requests for information that are relevant to the investigation" and will also hold a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law.
"The open internet has delivered enormous benefits to Americans," added Chairman Jerrold Nadler (D-NY) in the same statement, "but there is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications."
Previously, Senator Elizabeth Warren has proposed that such gatekeeper firms, explicitly including Apple, be broken up.
The announcement arrives just hours after reports claimed the Department of Justice recently won jurisdiction to investigate Apple's business practices. The potential antitrust probe, if undertaken, will be part of a wider project to crack down on tech firms.
The House Antitrust Subcommittee has announced a bipartisan investigation into so-called Big Tech companies. While specific companies have not been named in the announcement, Chairman David N. Cicilline (RI-01) specified that it is aimed at "platform gatekeepers" and "dominant firms."
"The growth of monopoly power across our economy is one of the most pressing economic and political challenges we face today," said Cicilline in a statement. "Market power in digital markets presents a whole new set of dangers."
"After four decades of weak antitrust enforcement and judicial hostility to antitrust cases," he continued, "it is critical that Congress step in to determine whether existing laws are adequate to tackle abusive conduct by platform gatekeepers or whether we need new legislation to respond to this challenge."
The committee is to issue "requests for information that are relevant to the investigation" and will also hold a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law.
"The open internet has delivered enormous benefits to Americans," added Chairman Jerrold Nadler (D-NY) in the same statement, "but there is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications."
Previously, Senator Elizabeth Warren has proposed that such gatekeeper firms, explicitly including Apple, be broken up.
The announcement arrives just hours after reports claimed the Department of Justice recently won jurisdiction to investigate Apple's business practices. The potential antitrust probe, if undertaken, will be part of a wider project to crack down on tech firms.
Comments
There's way too much politics floating around in these "investigations".
I wonder how much FaceBook refusing to take down the doctored version of Pelosi has to deal with these investigations?
.@RepJerryNadler: “Given the growing tide of concentration and consolidation across our economy, it is vital that we investigate the current state of competition in digital markets and the health of the antitrust laws.”
But, a major media outlet (which FaceBook is) knowingly allowing itself to be used to spread disinformation (foreign or domestic) certainly needs to be looked at and at least discussed. And, if they did that i would say "Good! We need to have that conversation".
But to go after them as violating anti-trust laws? That just reeks of a scam investigation with ulterior motives to me.
It sure appears to me that this investigation is driven by "concentration and consolidation", which there certainly has been.
I do doubt that that, considering all the other very serious problems facing this nation, is the underlying reason.
Perhaps it is. But it fails the stink test -- so I doubt it.
As I mentioned, one possibility is the alarm bells that went off when Facebook refused to take down the doctored video. That shows that they are willing to pawn almost anything off on the American people. And, after coming out of one election that was manipulated by a concerted disinformation attack and headed into another, that is a concerning issue. But it isn't an anti-trust issue.
I just want and expect honesty and transparency in my government -- regardless of party.
But, just for clarity: We have been talking about 'fixing' healthcare since the 90's and it certainly heated up in 2009 with Obamacare.
But, every proposal has really only dealt with PAYING FOR AN OUT OF CONTROL SYSTEM.
It's like a family trying to figure out who pays, when they pay and how they pay for the credit card bills of an out-of-control teenager or addict.