The United States Chamber of Commerce building is seen in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo WASHINGTON, June 22 (R

U.S. Chamber criticizes Big Tech antitrust legislation as 'dangerous'

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2021-06-22 16:30:03

The United States Chamber of Commerce building is seen in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo

WASHINGTON, June 22 (Reuters) - The U.S. Chamber of Commerce on Tuesday criticized antitrust legislation set to be considered this week by a U.S. House of Representatives committee, saying the bills would have "dangerous consequences for America."

The largest U.S. business group said "antitrust laws should not be rigged against a small number of companies. Such an approach punishes success and has the government picking winners and losers in our free market economy."

The U.S. House Judiciary Committee will vote on Wednesday on a package of antitrust bills, including several targeting the market power of Big Tech. read more

Two of the bills address the issue of giant companies, such as Amazon.com Inc (AMZN.O) and Alphabet Inc's (GOOGL.O) Google, creating a platform for other businesses and then competing against those same businesses. A third bill would require a platform to refrain from any merger unless it can show the acquired company does not compete with any product or service the platform is in.