FAST FIVE: Amazon, Others Face Forced Asset Sales Under Imminent House Bills

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The bill, which could be announced as soon as today, “could mandate structural separation of Amazon and other technology giants that Congress spent 15 months investigating as part of an inquiry into the size and power of Big Tech,” according to the report.

Another bill potentially coming Friday targets the ability of big tech to pump their own products over their platforms over their competitors.

Called the “Ending Platform Monopolies Act,” a draft of the proposed structural separation bill reviewed by the Journal says: “It shall be unlawful for a covered platform operator to own or control a line of business, other than the covered platform, when the covered platform's ownership or control of that line of business gives rise to an irreconcilable conflict of interest.” That language could change in the bill's final draft.

-WSJ If the bill is to gain any traction, it will need to pass both the Democratically controlled House and Senate, however due to their slim majorities, they'll need 'substantial' GOP support.

As the Journal suggests, “While Republicans are concerned about tech companies' power, many are skeptical about changing antitrust laws.” The two bills are part of a five-bill push aiming to curb the dominance of tech giants, including Apple, Facebook and Google.

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