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Key US Senators’ Bill “Would Force Drastic Changes” In Antitrust

By  |  July 15, 2021

Several key senators are negotiating tech-focused antitrust bills similar to House measures that companies say would force drastic changes in their business and destroy products enjoyed by consumers, Bloomberg reported.

Sen. Chuck Grassley of Iowa is working with Sen. Amy Klobuchar of Minnesota on an antitrust bill he said is similar to some of the legislation approved last month by the House Judiciary Committee, although he didn’t single any out, according to Bloomberg.

“There is so much wrong with these social media platforms,” said Grassley, per Bloomberg. “We have to take some dramatic action.”

Klobuchar, the chairwoman of the judiciary panel’s antitrust subcommittee, said one bill “will address tech companies discriminating against competitors who rely on their platforms,” according to Bloomberg.

Some of the upcoming Senate bills will “line up in different ways” with the House measures, she said, per Bloomberg.

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