The House of Representatives passed sweeping antitrust legislation targeting Big Tech with bipartisan support following a Thursday afternoon vote.
The bill, known as the Merger Fee Filing Modernization Act, passed 242 to 184, combining a trio of antitrust bills designed to limit the impact of Big Tech firms by increasing merger application fees to fund stricter antitrust enforcement, requiring companies to disclose foreign subsidies when applying for a merger and exempting antitrust lawsuits brought by state attorneys general from processes that can result in court cases being transferred to districts more favorable to defenders. The package, passed with 39 Republican votes, was endorsed by the White House on Tuesday as part of its ongoing efforts to beef up antitrust enforcement.
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