House lawmakers have advanced a bill that could potentially require Amazon [NASDAQ: AMZN] to divest its logistics business.
The Ending Platform Monopolies Act, co-sponsored by Reps. Pramila Jayapal, D-Wash., and Lance Gooden, R-Texas, was debated and passed by the House Judiciary Committee on Thursday by a vote of 21-20. The bill will next be considered by the full chamber.
The legislation “eliminates the ability of dominant platforms to leverage their control across multiple business lines to...