According to The New York Times, state attorney generals in over a dozen states are gearing up to start an antitrust investigation of big tech companies. The group has not yet issued civilian subpoenas to the companies, but are planning on doing so soon.
A group of the representatives met with antitrust officials at the Justice Department, which has already begun with an antitrust review of tech companies. Congress and the Federal Trade Commission are also investigating the tech industry.
State attorney generals can help federal regulators by building up evidence and support for their investigations, which can drag on for many years.
Months ago, some state representatives created the Tech Industry Working Group.
“As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws,” Jim Hood, the attorney general of Mississippi, said.
One representative, Rep. David Cicilline (D-RI) said that while tech companies helped the economy flourish, they do not have enough constraints.
“In an effort to promote and continue this new economy, Congress and antitrust enforcers allowed these firms to regulate themselves with little oversight,” Cicilline said. “As a result, the internet has become increasingly concentrated, less open, and growingly hostile to innovation and entrepreneurship.”
Read the full story here.