Today U.S. Senator Josh Hawley (R-Mo.) introduced an amendment to Congress’s proposed budget resolution that would move to prohibit mergers and acquisitions by certain Big Tech companies. While the majority of American small businesses have struggled greatly during the coronavirus, Big Tech firms have surged ahead, posting record profits.
“Big Tech robber barons at companies like Amazon and Google have taken advantage of crippling restrictions placed on their smaller competitors to consolidate power even further. They know they have been handed an incredible opportunity and are wasting no time getting to work. Congress must act to stop this unprecedented concentration of corporate power from becoming the new normal.”
Senator Josh Hawley
Text for Senator Hawley’s amendment can be found here.