Congress wants to give regulators ammunition to go after Big Tech for the first time ...Middle East

Quartz - Economy
Congress wants to give regulators ammunition to go after Big Tech for the first time
source : Quartz ( Middle East ) () 28
A bipartisan group of US lawmakers unveiled a package of five bills this afternoon aimed at reining in big tech companies’ most anti-competitive business practices. The proposals were a long time coming. If passed, they would restore Congress’s longstanding tradition of regularly updating the antitrust laws to address the worst competition-squashing business behavior of the day—and they would give regulators and prosecutors much more ammunition to go after tech giants.Updating monopoly laws used to be a routine part of Congress’s job. After US lawmakers passed the landmark Sherman Antitrust Act in 1890, they tweaked the law in 1914, 1936, and 1950 to keep up with all the new ways dominant bu

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