US tech titans would have to exit key businesses under House plan

Democrats and Republicans on the House Judiciary Committee tabled legislation that would ban tech companies from owning a business that competes with other products or services on their platforms, among other measures.

Amazon.com Inc., Apple Inc. and other U.S. technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers. Democrats and Republicans on the House Judiciary Committee introduced legislation Friday that would prohibit tech companies from owning a business that competes with other products or services on their platforms, among other measures. Such a provision, if passed, would bar Amazon from selling its own branded products, Amazon Basics, for example, or Apple from offering Apple Music, or Google from providing specialized search services in travel, local businesses and shopping.