Big Tech: New move to curb corporate power proposed by US Senate panel

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The US Congress has taken a new step to curb the market dominance of big tech companies. Bipartisan legislation pushed by a Senate panel would prevent the dominant online platforms from favoring their own goods and services over those of competitors. It could prevent Amazon, for example, from steering consumers toward its own brands and away from competitors’ products on its massive e-commerce platform.

The bill could also impose restrictions on Google’s search engine, which accounts for about 90 percent of global web searches and routinely places its services at the top of search results.

The bill passed Thursday in the US Senate Judiciary Committee by a vote of 16 to 6 and has been sent to the full Senate. The action marked a new twist in Congress’ efforts to curb tech giant dominance and anti-competitive practices that critics say have hurt consumers, small businesses and innovation.

Lobbying from Meta (formerly Facebook), Google, Amazon, Apple and other tech giants was intense prior to the US Senate committee action.

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