Entreprise

DOJ supports antitrust bills targeting Amazon, Google and Apple

Washington — The Justice Department approved a law on Monday prohibiting large digital platforms such as Amazon and Google from supporting their products and services more than their competitors, and the Biden administration fully upheld the antitrust law. I showed that.

“The Senate has seen the rise of the dominant platform as a threat to open markets and competition with risks to consumers, businesses, innovation, resilience, global competitiveness and our democracy. I see it, “said a letter to the bipartisan leaders of the Senate Judiciary Committee. Signed by Peter Hyun, Deputy Assistant Secretary of Justice for the Ministry of Justice.

Obtained by The Wall Street Journal, this letter represents support for the online law of innovation and choice in the United States, approved by the Senate Judiciary Committee in a bipartisan vote in January, and similar legislation passing through the House of Representatives. ..

The Justice Department is investigating supply chain disruptions and targeting companies that are using the crisis to charge more.

Amazon.com Inc., Alphabet Inc.’s Google, Apple Inc. and others are opposed to the proposed bill, saying it will be difficult to offer popular services. And app stores benefit from the popularity of their work.

The file photo on Thursday, January 3, 2013 shows Google’s headquarters in Mountain View, California. Renowned artificial intelligence scholar Timnit Gebru has helped improve Google’s public image as a black computer scientist and a question-raising company. (AP Photo / Marcio Jose Sanchez, File / AP News Room)

The department’s letter is behind another view that the dominant position of the platform gives unchecked power to influence the fate of other businesses, and limiting the behavior of the platform brings great benefits. I’m throwing weight.

Apple representative with prison time, Russian agent threatening Google: Report

“Discriminatory behavior by dominant platforms can rob other innovators and entrepreneurs of rewards and reduce entrepreneurship and incentives for innovation. More importantly, the law It has the potential to support the growth of new technology businesses adjacent to the platform. Ultimately, it may bring the very necessary competitive checks to the target platform itself. “

The bill supplements existing antitrust laws by clarifying the types of acts that Congress considers to be anti-competitive and illegal. [the Federal Trade Commission] Challenge the act. “

Apple

On July 21, 2015, the Apple logo hangs above the entrance to the Apple Store on Fifth Avenue in Manhattan, New York City. (Reuters / Mike Seger / File Photo / Reuters Photo)

Biden’s support supports the prospect of passing a bill that has cleared key committees in the House and Senate.

Click here for more information on FOX BUSINESS

However, neither chamber of commerce floor has been voted yet, facing industry resistance and skepticism on both sides of the aisle. While some conservatives are wary of expanding the government’s power to crack down on the digital market, some Democrats say the law unfairly targets a handful of large corporations, especially from California. say.

Many senators who voted “yes” in a January committee vote said they would like to see the bill’s changes before they endorse the bill in the Senate’s seats. Senator Amy Klobuchar (D., Minnesota) and Chuck Glasley (R., Iowa) are discussing with colleagues to create a version of the bill that can be passed.

About the author

Funviralpark

Leave a Comment