WASHINGTON—House Republican Leader Kevin McCarthy (R., Calif.) criticized a bipartisan package of bills targeting large technology companies through changes in antitrust laws, a rebuke that will hurt the legislation’s chances of gaining broad support.
Mr. McCarthy, though a spokesman, said that while action to curb the companies’ power is needed, the plan “only gives Democrats in the federal government more power to tip the scales.”The bills would expand the power of agencies that enforce antitrust laws, including the Federal Trade Commission, giving them broad new authority to block mergers, police large online platforms’ conduct, and even force them to divest certain businesses.
President Biden, a Democrat, on Wednesday named a leading critic of big technology firms, Lina Khan, to chair the FTC, giving her authority to pursue antitrust initiatives.
Mr. McCarthy suggested he would be offering an alternative proposal to rein in large technology companies that would address Republican concerns that they censor conservative speech.
Persons:
Kevin McCarthy, McCarthy, Biden, Lina Khan
Organizations:
WASHINGTON —, Republican, Federal Trade Commission, Wednesday
Locations:
Calif