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Jeff Bezos standing in front of a television: Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020. Graeme Jennings-Pool/Getty Images


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Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020. Graeme Jennings-Pool/Getty Images

  • Now that House Democrats have completed a sweeping antitrust investigation into Facebook, Apple, Amazon, and Google, they’re prepared to introduce new laws to curb the tech giants’ power.
  • The 449-page report published by the House Antitrust Subcommittee on Tuesday, as well as public statements by Democrats on the heels of the report, signal how they might go about changing the laws.
  • Antitrust court decisions in recent decades have focused on consumer welfare, but Democrats say laws need to be updated given that many tech companies don’t charge consumers for their products and have wide-ranging impacts on workers and other businesses.
  • Meanwhile, Republicans
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Democratic lawmakers are calling for the U.S. to rein in the power of Amazon, Apple, Facebook and Google, as well as overhauling U.S. antitrust law, in a sweeping report on the the dominance of Big Tech.

The 450-page report, released Tuesday by the House Antitrust Subcommittee, details a range of anticompetitive practices, charging the four companies with acting as gatekeepers, stifling competition, charging “exorbitant” fees and eroding democracy.

“Put simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the report said.

The panel calls for sharply curtailing tech companies’ power, including force them to spin off their platforms from their other lines of business. This can be done by either splitting up tech companies or by limiting them to a single industry, according to the report.  

Under current

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