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  4. U.S. senator says working on companion bills to House antitrust measures
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U.S. senator says working on companion bills to House antitrust measures

By Diane Bartz WASHINGTON (Reuters) - Senator Amy Klobuchar, who chairs the Senate antitrust subcommittee, said that work is underway on companion legislation to antitrust bills...
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U.S. senator says working on companion bills to House antitrust measures © Reuters. FILE PHOTO: Sen. Amy Klobuchar, D-MN, asks questions during a hearing of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, at the U.S. Capitol in Washington DC, U.S., April 27, 2021. Tasos Katopodis/Pool via REUTERS/File Photo

By Diane Bartz

WASHINGTON (Reuters) - Senator Amy Klobuchar, who chairs the Senate antitrust subcommittee, said that work is underway on companion legislation to antitrust bills introduced in the U.S. House of Representatives last week.

While none of the four tech-focused House antitrust bills introduced Friday have a Senate companion, Klobuchar said late Monday that she expected that to change. "I think you'll see a number of bills introduced in the Senate," she said, but declined to elaborate.

Two of the bills introduced last week address the issue of giant companies, such as Amazon.com Inc (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) Inc's Google, creating a platform for other businesses and then competing against those same businesses.

A third would require a platform to refrain from any merger unless it can show the acquired company does not compete with any product or service the platform is in. A fourth would require platforms to allow users to transfer their data elsewhere if they desire, including to a competing business.

The House members also introduced a fifth bill which is a companion to a Klobuchar measure that has already passed the Senate and would increase the budgets of antitrust enforcers and make companies planning the biggest mergers pay more.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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