US Legislators Take Aim At Big Tech Companies

US lawmakers have introduced five bills aimed at limiting the power held by Big Tech companies. The bipartisan group of Congressional lawmakers are targeting tech giants over antitrust and monopoly issues and the proposed legislation could force them to overhaul or even break up their increasingly dominant business empires. 
 
These Bills address topics including data, mergers, and the competitive behaviour of these companies - which could ultimately lead to them being forced to sell some assets. 
 
The bills have been drafted after a 16-month investigation into the powers of Amazon Amazon, Apple, Facebook and Google and now they could be forced to overhaul their business practices under a wide ranging  set of antitrust reforms. To become law, they must pass through the House of Representatives, the Senate and, finally, be signed by President Joe Biden. 

The proposed legislation has support for Democrats and Republicans in the House of Congress and comprises the following Five Legislative Bills  

The American Choice and Innovation Online Act - this bill prevents companies from manipulating marketplaces to promote their own products. It would prevent companies that operate an e-commerce marketplace from giving products they sell via that marketplace an unfair advantage over items sold by independent merchants. The bill also is aimed at prohibiting operating system makers from providing preinstalled apps that can’t be removed by users.
 
The Platform Competition and Opportunities Act - this bill makes it harder for companies to buy and kill off competitors.
This is the biggest bill which aims to stops any major platform, defined as one with 500,000 or more monthly active users,  from acquiring other companies unless they can demonstrate “clear and convincing” evidence that they aren't in competition with each other. In other words, it would stop deals like Facebook buying Instagram. Critics are already arguing that this definition is too vague, and would wind up preventing useful acquisitions.
 
The Ending Platform Monopolies Act - this bill prohibits Big Tech monopolies from selling products in marketplaces they control. The text of the bill specifies that an online platform operator covered under the legislation wouldn’t be a allowed to maintain a line of business if that business utilizes its platform “for the sale or provision of products or services.” That might require Apple to stop offering its own apps on the App Store or prevent Amazon from giving its in-house brands an advantage over those of outside sellers selling on its platform.
 
The Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act - this bill makes it easier to leave a social media platform and take your data to a competitor. Its objective is to make it easier for consumers to switch between competing digital services by simplifying the process of moving data from one platform to another. To the same end, platform operators would be required to provide  “transparent, third-party-accessible interfaces (including application programming interfaces)” so users can easily download their data.
 
The Merger Filing Fee Modernisation Act - this bill allows the Department of Justice and the Federal Trade Commission the resources they need to police monopoly power, at no cost to taxpayers. If approved, it would require companies to pay bigger regulatory fees when making acquisitions worth $1 billion more. The vision is to use the additional income from those fees to provide regulatory agencies with more resources for enforcing competition laws.
 
The bills will need to be voted on and passed by the Judiciary Committee before making their way to the full House of Congress and would then need to be approved by the Senate before they could be signed into law by President Biden.
 
There is not unanimous support for the bills . "Bills that target specific companies, instead of focusing on business practices, are simply bad policy... and could be ruled unconstitutional," Neil Bradley from the US Chamber of Commerce said in a statement. 
 
Despite their resistance, the bipartisan support for the bill is a formidable signal to the industry. The sector has inspired rare collaboration between Democrats and Republicans, who both believe tech companies have come to hold too much power and worry about stagnating innovation.
 
CNBC:       Silicon Angle:      NY Post:   BBC:      US Congress:   US Congress:    Tech.co
 
You Might Also Read: 
 
The Rise and Fall Of America’s Unregulated Internet:
 
 
« Drones Kill Without Human Control
Remote Working & Cyber Security »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Magnet Forensics

Magnet Forensics

Magnet Forensics' family of digital forensics products are used globally by thousands of law enforcement, military, government and corporate customers.

FlashRouters

FlashRouters

FlashRouters offers DD-WRT compatible router models with improved performance, privacy/security options, and advanced functionality.

Dubex

Dubex

Dubex is Denmark's leading business-oriented IT security specialist.

Alan Boswell Group

Alan Boswell Group

We are a Group of Companies providing specialist Insurance Broking and Risk Management advice and services including Cyber Risk cover.

Protenus

Protenus

Protenus provide a solution to proactively monitor and protect patient privacy in the electronic health record (EHR).

Netresec

Netresec

Netresec is an independent software vendor with focus on the network security field. We specialize in software for network forensics and analysis of network traffic.

PrivateCore

PrivateCore

We protect data-in-use from hackers trying to steal data such as encryption keys, certificates, intellectual property.

SafenSoft (SnS)

SafenSoft (SnS)

SafenSoft delivers high-efficiency, low-impact proactive protection against malware, insider threats, and confidential data leakage.

Smart Hive

Smart Hive

Smart Hive has created a platform that will allow organizations to share real-time, relevant and actionable threat intelligence among each other while maintaining confidentiality.

OurCrowd

OurCrowd

OurCrowd is a leading equity crowdfunding platform for investing in global startups.

SAP National Security Services (NS2)

SAP National Security Services (NS2)

SAP NS2 are dedicated to delivering the best of SAP innovation, from cloud to predictive analytics; machine learning to data fusion.

ProWriters

ProWriters

As a leading cyber insurance company, ProWriters offers flexible Cyber Liability Insurance coverage designed to cover privacy, data, and network exposures.

OnDefend

OnDefend

OnDefend delivers information security solutions that improve overall security posture, reduce risks and defend against continually evolving and persistent cyber adversaries.

Enet 1 Group1

Enet 1 Group1

Enet 1 Group audits, assesses, recommends, and delivers tested solutions for the ever-increasing threats to your critical systems and digital assets

Securix

Securix

SECURIX AG delivers holistic IT security solutions that are tailored to the specific challenges and requirements of your company.

Willyama Services

Willyama Services

Willyama Services is a certified Information Technology and Cybersecurity professional services business providing services to government and private sector clients.