The U.S. Senate discusses bipartisan legislation that would dictate and limit how tech giants achieve acquisitions of smaller companies. The bill was introduced on Friday, Nov. 5.

The Platform Competition and Opportunities Act, authored by Senators Amy Klobuchar (D-Minn.) and Tom Cotton (R-Ark.), takes direct aim at companies like  Amazon, Google, and Facebook, and their practice of mitigating market competition by buying newly emerged businesses, according to Reuters.

The bill makes it simpler for the government to terminate deals that potentially violate antitrust law by requiring companies to legally prove that their agreements will not impede competition. 

Antitrust law refers to policies aimed at combating unfair monopolistic behavior by large firms. In recent times, Big Tech giants have been derided for securing their position by buying smaller companies that have high prospects of competition.

“We’re increasingly seeing companies choose to buy their rivals rather than compete,” said Klobuchar in a statement, as Reuters reported.

“This bipartisan legislation will put an end to those anticompetitive acquisitions by making it more difficult for dominant digital platforms to eliminate their competitors and enhance the platform’s market power,” he added.

This latest bill was just one among a handful of others introduced to ensure dominant enterprises do not employ unfair tactics in the market.

Last month, Klobuchar proposed another bill that demands Big Tech, which owns lucrative platforms for developing online businesses, not to favor their own products over other rivals’.

None has become law by far except for the bill that raises fees on the biggest mergers, which passed the Senate this June and awaits a vote by the Full House.

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