Bryan Pietsch for Reuters:
U.S. Senators Amy Klobuchar and Richard Blumenthal on Friday introduced legislation to allow stricter penalties for companies that violate antitrust laws, following a Justice Department probe into alleged competitive behavior by big tech.
The "Democratic Senators Monopolization Deterrence Act" would allow the Department of Justice and the Federal Trade Commission to seek civil penalties for monopoly violations under U.S. antitrust law, Klobuchar's office said in a statement.
US antitrust enforcers are investigating tech giants Facebook Inc, Alphabet Inc's Google, Amazon.com and Apple Inc to investigate allegations of competitive behavior.
Klobuchar, seeking the Democratic nomination for president in 2020, said in the statement the legislation would allow "serious economic consequences" to combat the United States' "major monopoly problem." Senator Elizabeth Warren of Massachusetts, another Democratic presidential candidate, has set up billboards in technically heavy Silicon Valley and called "BREAK UP BIG TECH."
MacDailyNews Take: Again, it will be interesting to see the distribution of political candidate contributions from employees of major technology companies during 2020.
SEE ALSO: [1
Senator Elizabeth Warren Will Also Break Apple – March 11, 2019
Trump Administration Supports Apple in US Supreme Court App Store Antitrust Suit – November 26, 2018
Apple Defends App Store Fees in US Supreme Court – November 26, 2018
Apple Defends App Store Fees as US Supreme Court Weighs Consumer Suit – November 23, 2018
Apple wants US Supreme Court to repeal previous ruling on an antitrust suit – October 31, 2018
U.S. Supreme Court Will Decide Whether Apple's App Store Is A Competitive Monopoly – June 19, 2018
U.S. Supreme Court considers Apple's appeal in antitrust suit over App Store prices – June 18, 2018
US DOJ pages with Apple over App Store antitrust allegations in Supreme Court brief – May 10, 2018
Harris Poll: Corporate Reputation Can Be Politically Polarized – February 9, 2017
9th US Circuit Court of Appeals restores antitrust lawsuit against Apple – January 13, 2017
Silicon Valley donated 60 times more to Clinton than to Trump – November 7, 2016
99% of Silicon Valley Political Dollars Go to Hillary Clinton – October 25, 2016
Apple's Policy Can Harm Its Brand – June 29, 2016
Apple Refuses to Help GOP Presidential Convention 2016 on Trump Comments – June 18, 2016
Apple and Silicon Valley employees love Bernie Sanders. Donald Trump? Not so much – May 6, 2016
Apple among top donors by Bernie Sanders donors – April 20, 2016
Apple App Store antitrust complaint dismissed on trial by US judge – August 16, 2013
Apple employees donate $ 15 to Obama for every dollar spent on Romney – July 27, 2012
Apple, other technology company employees favor Democrats over Republicans, Obama over Clinton – April 14, 2008