U.S. senator wants to ban Big Tech from buying anything ever again
WASHINGTON (Reuters) - U.S. Senator Josh Hawley, a Republican who has been viciously critical of Big Tech, said Monday that he had tabled a bill that would stop all mergers and acquisitions by companies with a market value of more than $ 100 billion bans This includes the five largest US technology companies.
Hawley, who accused the largest social media companies of suppressing conservative voices, also criticized other sectors such as pharmaceuticals, which he believed were too concentrated and had too much market power.
His new bill would effectively ban Apple Inc., Microsoft Corp., Amazon.com Inc., Google and Facebook Inc. of Alphabet Inc. from doing business and attempt to prevent their platforms from favoring their own products over those of their competitors .
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Hawley's bill addresses some of the same issues as an antitrust law passed by Democratic Senator Amy Klobuchar in February and contains some similar measures.
When asked about Klobuchar's bill, Hawley said, "I'm ready to work with her and anyone from any party and background. I like a lot of what Senator Klobuchar has suggested."
He described his bill as "much harder".
In the House of Representatives, Representative David Cicilline has announced that he will be introducing a number of antitrust laws.
Hawley was also asked if he would support technology critic Lina Khan, a progressive nominated as a Federal Trade Commission commissioner who works with the Justice Department to enforce antitrust law. Hawley said he was "very impressed" with her but added, "I haven't made a final decision."
(Reporting by Diane Bartz in Washington; Editing by Matthew Lewis)
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