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Sen. Amy Klobuchar Introduces Big Tech Antitrust Bill Proposal

antitrust Congress Politics Tech Tech News US US News

Sen. Amy Klobuchar Introduces Big Tech Antitrust Bill Proposal

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Sen. Amy Klobuchar (D-Minn.) announced on Thursday that she is introducing a new bill to enhance antitrust laws, targeting dominant companies that have been accused of abusing their monopoly power. Some of the main points of the bill would be more rigorous standards for big companies looking to merge with others, increasing the budget for the Department of Justice’s Antitrust Division and the Federal Trade Commission by $300 million and allowing it to seek civil penalties for monopoly law violations, as well as enhancing whistleblower incentives in relation to possible civil violations. Klobuchar told CNN, “You have a situation where, throughout history, new companies, small start-ups have changed the country, have made our country so strong, and right now, especially in the tech area, you have companies like Google that have 90 percent control over search engines.” “What I’m proposing is, make sure these agencies are able to take on …

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