Two US senators introduced a bill aimed at making it more difficult for Amazon and other technology giants to make acquisitions or mergers.


Democratic Congresswoman Amy Klobuchar, chair of the Senate Judiciary Committee’s Antitrust Committee, said that, in cooperation with Republican Representative Tom Cotton, introduced a bill targeting companies such as Alphabet’s Google and Facebook.

She explained that the draft law will make it easier for the government to stop deals that it believes violate the antitrust law by requiring companies to prove to the judge that the deals do not harm competition and are therefore legal.

Noting that a similar draft law submitted by Democratic Representative Hakim Jeffreys and others in the committee was approved. Judicial Council of the House of Representatives and awaits a vote by the Council of all its members.

Aidan Rogers
Aidan loves being described as Jack of all Trades. He is literally good at everything be it Singing, Writing, Games, Drifting, Hiking, Swimming and above all He is a good Teacher. He is also a web developer with over 100+ successful projects completed.
    0 0 votes
    Article Rating
    Notify of
    Inline Feedbacks
    View all comments

    You may also like

    More in:News