The Judiciary Committee of the US House of Representatives on Thursday released a statement saying that a report has convinced them that Big Tech companies have been engaging in trust-like behavior.
Companies mentioned in the report, which was first released in October, include Google, Amazon, Facebook and Apple.
According to Reuters, the report further recommended overhauling the current antitrust laws, which were first enacted over a century ago, using dozens of examples of behaviour by Big Tech companies that, while legal, is not necessarily ethical.
Rep. David Cicilline (D-RI) 's spokesperson said in the Thursday statement:
“Amazon, Apple, Google, and Facebook each hold monopoly power over significant sectors of our economy. This monopoly moment must end."
"Now that the Judiciary Committee has formally adopted our findings, I look forward to crafting legislation that addresses the significant concerns we have raised."
The report contains a wide range of recommended changes to laws, ranging from increasing the budgets of antitrust agencies to specifically limiting the scope of countries such as Amazon.
Also mentioned in the report was the possibility of strengthening smaller companies' negotiating power before the Big Tech giants by allowing and encouraging them to form syndicates for collective bargaining purposes.