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From Biden to Congress, Big Tech is under mounting pressure

From Biden to Congress, Big Tech is under mounting pressure

ABC News
Wednesday, June 23, 2021 04:31:52 AM UTC

The tech industry is under mounting pressure in Washington

WASHINGTON -- Without speaking a word or scratching a pen across paper, President Joe Biden drove up the pressure on Big Tech companies already smarting under federal and congressional investigations, epic antitrust lawsuits and near-constant condemnation from politicians of both parties. Biden last week elevated a fierce critic of Big Tech, antitrust legal scholar Lina Khan, to head the powerful Federal Trade Commission. The surprise move was a clear signal of a tough stance toward tech giants Facebook, Google, Amazon and Apple, and came as sweeping bipartisan legislation advanced in the House that could curb their market power and force them to sever their dominant platforms from their other lines of business. The House Judiciary Committee is digging into the legislation in a public drafting session Wednesday, an initial step in what promises to be a strenuous slog through Congress. Many Republican lawmakers denounce the market dominance of Big Tech but don’t support a wholesale revamp of the antitrust laws. Republicans have relentlessly hurled accusations of anti-conservative bias against the social media platforms and may demand targeted legislative sanctions in return for their support. The huge legislative package, led by industry critic Rep. David Cicilline, D-R.I., targets the companies' structure and could point toward breaking them up, a dramatic step for Congress to take against a powerful industry whose products are woven into everyday life. If such steps were mandated, they could bring the biggest changes to the industry since the federal government’s landmark case against Microsoft some 20 years ago.
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