A PYMNTS Company

U.S.: Rep. Senators ask FTC to tone it down on tech companies

By  |  November 16, 2012

A letter sent and signed by 10 U.S. Republication Senators to the Federal Trade Commission is asking the antitrust authority to “act in humility” towards tech companies and the allegations brought against them. In the context of reports that the FTC is gearing up to bring a major antitrust case against Google, the Senators sent the letter asking the FTC to tone down its aggression against tech companies, arguing that it hampers competition in the market and suggesting that the FTC has the agenda of broadening its power. The letter was headed by Senator DeMint and signed by Kay Bailey Hutchison (Texas), Orrin Hatch (Utah), John Thune (S.D.), John Cornyn (Texas), Johnny Isakson (Ga.), Roy Blunt (Mo.), John Boozman (Ark.), Pat Toomey (Pa.), and Marco Rubio (Fla.).

Full Content: Politico

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.