According to a new Bloomberg report, the Democratic representative expects an overhaul of antitrust laws, which promote fair competition to the benefit of consumers. Cicilline said in an interview that these giant companies have a “deeply disturbing” behavior when it comes to dealing with competition, and for that reason, he wants Congress to change the law.
Cicilline’s committee led a high-profile investigation for over a year into technology giants, but he refuses to detail what the recommendations are that will be proposed to change the antitrust laws. The Democrat once defended a “Glass-Steagall law” for technology platforms, which should prohibit big companies from competing on a platform that they run.
All of these companies engage in behavior which is deeply disturbing and requires Congress to take action. The kind of common theme is the abuse of their market power to maintain their market dominance, to crush competitors, to exclude folks from their platform and to earn monopoly rents.
The House antitrust panel plans to issue its report in September, while the committee plans to address existing antitrust laws created over a century ago, demanding specific reforms to the technology sector.
While companies such as Tile, Spotify, and Hey claimed that Apple gives itself an unfair advantage for its own services, Epic Games recently started a legal battle against Apple after the company removed the popular game Fortnite from the App Store.
