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Tech ObserverNewsPolicyUS to tighten regulatory ambit around tech majors, senate panel to debate app store reform bill

US to tighten regulatory ambit around tech majors, senate panel to debate app store reform bill

Senate will debate a bill that will rein in app stores of companies that some lawmakers say exert too much market control, including Apple Inc and Alphabet Inc's Google.

Senate will debate a bill that will rein in app stores of companies that some lawmakers say exert too much market control, including Apple Inc and Alphabet Inc's Google.

In a move to tighten regulatory ambit around the technology giants, a US Senate panel set last week is likely to debate a bill that will rein in app stores of companies that some lawmakers say exert too much market control, including Inc and Alphabet Inc’s .

According to US Senators Richard Blumenthal and Marsha Blackburn, the Senate Judiciary Committee would consider the Open App Markets Act backed by a bipartisan group of lawmakers.

Blumenthal, a , said in a statement the bill aims to “stop Apple and Google from crushing competitors and undercutting consumers. Breaking the ironclad grip of these two behemoths on the multi-billion dollar app market is long overdue.”

Blackburn, a , said the hearing “brings us one step closer to holding companies like Apple and Google accountable,” adding “Tech giants are forcing their own app stores on users at the expense of innovative start-ups.”

Apple meanwhile, said earlier that its app store was “an unprecedented engine of economic growth and innovation, one that now supports more than 2.1 million jobs across all 50 states.”

Google said previously that Android devices often come preloaded with two or more app stores and that app sellers can allow downloads without using Google’s Play Store.

The lawmakers have said the bill would bar big app stores from requiring app providers to use their payment system and prohibit them from punishing apps that offer different prices or conditions through another app store or payment system.

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