The Technology 202: Here are seven takeaways from the House’s sweeping report concluding Silicon Valley is too powerful
October 7, 2020 | technology | No Comments
(Amazon chief executive Jeff Bezos owns The Washington Post).
The report could provide a regulatory blueprint for lawmakers who have significantly ramped up rhetoric criticizing the tech giants in recent years, but have yet to actually pass any laws that would significantly check the industry’s power. The report’s authors, all Democrats, hope it will be a turning point for how Washington approaches corporate consolidation.
“ … Congress must revive its tradition of robust oversight over the antitrust laws and increased market concentration in our economy,” the report said.
Here are our top seven takeaways after sifting through the nearly 450-page report:
1. It proposes some most sweeping revisions to antitrust law in decades.
The report proposes changing existing laws in ways that could have far-reaching effects throughout the entire economy. The report recommends:
- New limits on companies operating in adjacent lines of business, which could impact how tech companies operate