House approves antitrust bill targeting Big Tech dominance

The House of representatives approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators. The Merger Filing Fee Modernization Act passed by a 242-184 vote. It was separated from more ambitious provisions aimed at reining in Meta, Google, Amazon, and Apple and cleared by key House and Senate committees. Those proposals have languished for months, giving the companies time for vigorous lobbying campaigns against them. The more limited bill would give states an upper hand over companies in choosing the location of courts that decide federal antitrust cases. Proponents say this change would avert the “home-court advantage” that Big Tech companies enjoy in federal court in Northern California, where many of the cases are tried and many of the companies are based. The bill also would increase filing fees paid by companies to federal agencies for all proposed mergers worth $500 million or more, while reducing the fees for small and medium-sized transactions. The aim is to increase revenue for federal enforcement efforts.