Amazon, Apple, Facebook and Google could be forced to overhaul their business practices under an expansive set of antitrust reforms introduced by a bipartisan group of House lawmakers on Friday.
The package of five bills, draft versions of which were reported by CNBC and other outlets, would make it harder for dominant platforms to complete mergers and prohibit them from owning businesses that present clear conflicts of interest. The legislation represents the most comprehensive effort to reform century-old antitrust laws in decades.
The bills will need to be voted on favorably by the Judiciary Committee before making their way to the full House. They would also need to be approved by the Senate before they could be signed into law by the president.
Please select this link to read the complete article from CNBC.