Members of Congress recently released a report arguing that antitrust laws should be changed and enforcement adjusted, and that if the recommendations are adopted, they could have a huge impact on big technology companies, such as big businesses that may be forced to spin off or spin off some businesses, or make it harder to buy small businesses. After a 16-month investigation, Democrats argue that Apple, Amazon, Facebook and Google have monopoly power and should be subject to congressional and law enforcement restrictions.
In the 450-page report, democratic majority members focused on hearing materials, interviews and 1.3 million documents to present their views.
Members of the Democratic Party have made the following recommendations:
– The implementation of structural separation, the dominant platform is prohibited from entering adjacent business. How do you do that? For example, force technology companies to spin off or adjust their business structures so that different businesses operate independently of their parent companies. If it were Google, it might be forced to spin off or spin off YouTube, and Facebook might spin off or spin off Instagram and WhatsApp.
– Give instructions to antitrust authorities to assume that the dominant platform-driven merger is not conducive to competition, allowing the combined parties to prove that their transactions do not harm competition, rather than for law enforcement agencies to prove it.
– Prevent the dominant platform from favouring its own services and allow them to provide conditions such as bars for products and services.
The dominant platform must provide services on a level playing field with competitors, and users can transfer data.
Overturning “Problematic Precedents” (problematic precedent) in antitrust case law.
The FTC is required to collect data related to the concentration on a regular basis.
Increase the budget of the FTC and the antitrust department of the Ministry of Justice.
Strengthen private enforcement by removing some mandatory arbitration clauses or relaxing class-action restrictions.
Republicans oppose some of the report’s proposals, such as their disapproving of the so-called structural separation.