US Parliament may pass Big Tech Antitrust Bill Soon to bridle Big Tech Companies like Amazon and Alphabet Inc. Google.

Highlights

Amazon, Google, and many other big tech companies are not in favor of the bill
US Chamber of Commerce is against the bill
Several companies have sent a letter to US Lawmakers

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On Tuesday a top Democratic lawmaker revealed the antitrust issues and how the Parliament is going to deal with them. He told that a bill aimed to bridle the market power of Big Tech platforms like Amazon.com and Alphabet’s Google had the votes to pass both chambers of Congress in the next few weeks.

A representative David Cicilline the chair of the House antitrust subcommittee said, “I am very confident when these bills come to the floor, they will pass. Convincingly.”

He also said when he was asked “Before we leave for the summer, I hope that it will happen. The best-case scenario would be in the next week. Worst case scenario in my view, the month of July.”

While some of the representatives are in a support of the Bill still some do not agree to pass such bills including big Tech Companies like Amazon and Google. US Senator Amy Klobuchar, chair of a Senate antitrust panel revealed that she has enough support in the Senate to win passage.

This Bill will have a warning to all the Companies for dire consequences like missing popular consumer applications like Google Maps. Cicilline said these allegations are “lies” on Tuesday.

Contrary to the Bill, the US Chamber of Commerce said “The legislation would empower government bureaucracy to reign over our economy. NO longer would competition the evaluated on the merits, instead the interest of consumers would be sidelined in favor of the interest of the competitors,” said on Tuesday.

Several companies have sent a letter to US lawmakers on Monday urging them to support the measures.

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