WASHINGTON, June 11 (Reuters) - Lawmakers in the U.S. House
of Representatives introduced five bills on Friday, four of them
aimed at reining in the power of the tech giants in what one
congressional aide described as a revolution in antitrust.
Among the five bills, two address the issue of giant
companies, such as Amazon.com Inc and Alphabet Inc's
Google, creating a platform for other businesses and
then competing against those same businesses.
One measure would require platforms to sell a subsidiary if
owning it creates an incentive for the platform to advantage its
own products or lines of business.
"From Amazon and Facebook to Google and Apple
, it is clear that these unregulated tech giants have
become too big to care and too powerful to ever put people over
profits," said U.S. Representative Pramila Jayapal, a Washington
state Democrat who sponsored this measure along with
Representative Lance Gooden, a Republican.
A second measure would make it illegal in most cases for a
platform to give preference to its own products on its platform
with a hefty fine of 30% of the U.S. revenue of the affected
business if they violate the measure. Representative David
Cicilline, who chairs the House Judiciary Committee's antitrust
panel, was a sponsor of this bill along with Gooden.
(Reporting by Diane Bartz in Washington
Editing by Matthew Lewis)