Democrat, Republican lawmakers tussle over Big Tech breakup - Business Insider

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Democrats and Republicans are tussling over whether big tech should be broken up, according to a leaked GOP memo

written by Republican Rep. Ken Buck indicates some pushback from Republicans on the committee's draft recommendations.

According to Bloomberg, subcommittee chair Rep. David Cicilline compared the proposed legislation for splitting up the tech platforms to Glass-Steagall, the Depression-era law that separated investment banking from retail banking. "We agree that antitrust enforcement agencies need additional resources and tools to provide proper oversight," Buck wrote in the memo, per Politico.

In a statement to Politico, Buck said: "I agree ... that Big Tech has acted in an anticompetitive manner.

 

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