US senators Warren, Graham kick off bipartisan anti-Big Tech push

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Key Points

WASHINGTON, July 27 (Reuters) - U.S. senators Elizabeth Warren, a Democrat, and Lindsey Graham, a Republican, said on Thursday they would push for an ambitious bill to create a new government regulator empowered to rein in Meta Platforms' (META.O).

For several years, bills intended to clip the wings of Big Tech companies have fallen short in U.S. Congress even as federal agencies wage legal battles against Google and Facebook over alleged violations of antitrust law...

In addition to creating the regulatory commission, the proposed law would tighten antitrust law to forbid the companies from preferencing their own products over those of rivals..

"This bipartisan bill would create a new tech regulator and makes clear that reining in Big Tech platforms is a top priority on both sides of the aisle," said Warren in a statement...

Graham said the creation of the regulatory commission was "the first step in a long journey to protect American consumers from the massive power these companies currently wield."..

Full story at Reuters | 

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