Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation
Publishing timestamp: 2023-03-15 11:55:09
Summary
The new Republican leadership in the U.S. House is unlikely to impose tougher antitrust rules on tech giants, which could harm smaller tech firms. The GOP also wants to focus on limiting the size and scope of government rather than strengthening oversight of the industry. While tech companies may be spared costly new regulations for now, the industry may not be totally safe from scrutiny on Capitol Hill. Antitrust bills have typically enjoyed broad bipartisan support, but the new Republican leadership does not appear to have an appetite for them.
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Keywords: apple inc, amazon.com inc, business news, united states, jim jordan, alphabet inc, politics, social media, microsoft corp, kevin mccarthy, alphabet class c, technology, meta platforms inc,