House Panel to Seek Breakup of Tech Giants, GOP Member Says

(Bloomberg) — A House panel led by Democrats investigating competition in the technology sector is poised to propose sweeping reforms to block giants such as Amazon.com Inc. and Apple Inc. from both owning marketplaces and selling their own products on them, according to a critique of the recommendations by one Republican member of the subcommittee.



Mark Zuckerberg, chief executive officer and founder of Facebook Inc., top right, Jeff Bezos, founder and chief executive officer of Amazon.com Inc., top center, Sundar Pichai, chief executive officer of Alphabet Inc., bottom left, and Tim Cook, chief executive officer of Apple Inc., center left, are displayed on a monitor while swearing in during a House Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, July 29, 2020.


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Mark Zuckerberg, chief executive officer and founder of Facebook Inc., top right, Jeff Bezos, founder and chief executive officer of Amazon.com Inc., top center, Sundar Pichai, chief executive officer of Alphabet Inc., bottom left, and Tim Cook, chief executive officer of Apple Inc., center left, are displayed on a monitor while swearing in during a House Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, July 29, 2020.

The critique and the panel’s report are still drafts and the contents of both could change. It’s not clear which members will endorse the report, whose release has been delayed because of last-minute information regarding Facebook Inc., CNBC reported earlier. The report was expected this week, but it’s been pushed back, according to a person familiar with the matter.

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The recommendations, which would represent the most dramatic overhaul of competition law in decades if approved, are the result of a yearlong investigation by the House antitrust panel led by Democratic Representative David Cicilline. That probe is coming to its conclusion as federal and state antitrust enforcers are also investigating Alphabet Inc.’s Google and Facebook.

Cicilline’s recommendations would include what he has called a Glass-Steagall law for technology platforms, according to the draft discussion paper from Republican Representative Ken Buck of Colorado, which was reported on earlier by Politico and obtained by Bloomberg. Buck said that recommendation and some others in the staff report would be “non-starters” for the GOP. Glass-Steagall refers to the