Draft Antitrust Bills Would Restrict Online Platforms
House lawmakers have drafted five draft bills to curb the market power of large platforms
The legislative ideas are being discussed as part of talks between Rep. David Cicilline (D., R.I.) and the top Republican on the House Antitrust Subcommittee.
PHOTO: GRAEME JENNINGS/BLOOMBERG NEWS
By Updated June 9, 2021 5:01 pm ET
WASHINGTON—House lawmakers have drafted legislation designed to curb the market power of large online platforms by restricting them from certain lines of business and curtailing their ability to buy competitors, according to documents viewed by The Wall Street Journal.
The lawmakers are considering five draft bills, the documents show. They would make it unlawful for operators of large platforms to control a business that creates an irreconcilable conflict of interest, to advantage their own products or services over a competitor, and to acquire companies that pose current or potential competitive threats.