Clock Running Out on U.S. Antitrust Bill Targeting Big Tech

Critics of the country’s largest tech companies branded the last few months “Hot Antitrust Summer” because they hoped that Congress would vote on new regulations for Amazon, Apple, Google and Facebook.

The legislation’s chances of passing before Labor Day melted away instead. The Senate is expected to take up one last major matter of business before its August recess, debating and voting on the Democrats’ large climate, tax and health care package.

The failure to secure a vote is a setback for the politicians, activists and regulators who believe that Big Tech has too much control over commerce, communications and culture. After Labor Day, Washington will turn much of its attention to the midterm elections instead of major legislation. And if Republicans regain the majority in Congress, the regulations have a far smaller chance of being taken up.

To continue reading this New York Times report, go to:
https://www.nytimes.com/2022/08/05/business/antitrust-bill-klobuchar.html

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