SENATE BILL: Breaking Big Corporations Act (Passed)

[Southern Senator North Carolina Yankee]

A BILL
To break up big corporations and make mergers harder

Be it enacted by the Congress of the Republic of Atlasia assembled

Section 1. Title

This legislation may be cited as the Breaking Big Corporations Act.

Section 2. Breaking Up Big Tech Corporations
1a. Alphabet.inc is hereby dissolved into its constituent subsidiaries.
1b. Google LLC shall be further broken up into its constituent services. The Department of Internal Affairs may make exceptions to this on interatctivity purposes, but this shall not apply to Google Search, Google Mail, Google Advertisement, YouTube, Google Maps and Google Drive; all of which must remain separate companies after the enactment of this bill.
2a. Apple Inc. is hereby broken up into its constituent branches. The Department of Internal Affairs may make exceptions to this on interactivity purposes, but the phone and computer divisions must remain separate.
2b. All other subsidiaries of Apple Inc. must be broken up; with no exceptions
3. Facebook Inc. shall be broken up into its various constituent companies. All acquisitions made by Facebook Inc. over the past 10 years shall be broken up.
4. Amazon.com, Inc. shall be broken up into its several constituent services and subsidiaries
5. Microsoft Corporation is hereby broken up into its several products, subsidiaries and services.

Section 3. Breaking up non-Tech big corporations
1. Berkshire Hathaway, Inc is hereby broken up into its different subsidiaries
2. Johnson & Johnson is hereby broken up into its different subsidiaries
3. JPMorgan Chase is hereby broken up into its different subsidiaries
4. ExxonMobil is hereby broken up into its different subsidiaries
5. Wells Fargo is hereby broken up into its different subsidiaries

Section 4. Making mergers harder and protecting the new ecosystem
1. No 2 companies that descend from any of the companies broken up by this bill may merge together or be purchased by one another, under any circumstances
2. No 2 companies with a dollar market capitalization of over 10 billion dollars may be allowed to merge, or to purchase participation shares in each other.
3. Baidu; Alibaba; Tencent, Xiaomi, Huawei, DiDi, JD and ByteDance, as well as any other technological corporation headquartered in the People's Republic of China; is hereby banned from operating in the Republic of Atlasia, or any area under its jurisdiction
4. Any non technological corporation headquartered in the People's Republic of China must get an authorization from the Department of Internal Affairs in order to operate in the Republic of Atlasia beyond December 31st, 2022.
5. The Department of Internal Affairs may stop any foreign corporations from further operations in the Republic of Atlasia, or from investing in any company headquartered in the Republic of Atlasia with a 4 months notice; if said foreign corporations are found out to be harming the competition inside the Republic of Atlasia

Section 5. Enactment
1. This bill shall become enacted on April 1st, 2021

Sponsor: Tack50
Senate Designation: SB28:02

[Southern Senator North Carolina Yankee]

Initial Debate Period - sponsor advocacy etc.

[Southern Senator North Carolina Yankee]

The actual solution here is obvious - congress empowers the government to act on antitrust cases if a business is violating X, Y, Z criteria and force breakups. Then upon passage it would fall to the attorney general to actually file the resulting antitrust litigation.

Any idea on how to do the specifics of that?

You need some formula combining market share, exclusive possession of "dependent" IP rights (really complex on that one) and one other escapes me right now but it was mentioned just recently in some thread.

[Southern Senator North Carolina Yankee]

So about that process?

[Southern Senator North Carolina Yankee]

Did I somehow infect everyone in this thread? That isn't possible I haven't been contagious since at least the fourth, even though I feel much worse now then I did then.

[Southern Senator North Carolina Yankee]

As for three, I would say in broad terms it is an appropriate standard but also that it needs as you said refinement. "significant negative impact" needs to be defined as would "significant change in market concentration".

[Southern Senator North Carolina Yankee]

So we need to start hammering some things down. What is the x,y,z criteria going to be exactly and what is the refinement for "significant negative impact" and "significant change in market concentration"?

[Southern Senator North Carolina Yankee]

So we need to start hammering some things down. What is the x,y,z criteria going to be exactly and what is the refinement for "significant negative impact" and "significant change in market concentration"?

[Southern Senator North Carolina Yankee]

Sweet mother of god.

[Southern Senator North Carolina Yankee]

Senators have 24 hours to object.

[Southern Senator North Carolina Yankee]

The amendment is adopted.

[Southern Senator North Carolina Yankee]

So are there any remaining steps here or is this good to go?

[Southern Senator North Carolina Yankee]

Motion for final vote, 24 hrs to object.

[Southern Senator North Carolina Yankee]

A final vote is now open on his legislation, Senators please vote Aye, Nay or Abstain.

[Southern Senator North Carolina Yankee]

AYE

[Southern Senator North Carolina Yankee]

Vote on Final Passage of the Breaking Big Corporations Act:

Aye (5): Blair, FalterinArc, NC Yankee, Spark and Tack50
Nay (0):
Abstain (0):

Didn't Vote (1): Devout Centrist

This bill has passed and is sent to the VP for house action.

[Southern Senator North Carolina Yankee]

A BILL
To break up big corporations and make mergers harder

Be it enacted by the Congress of the Republic of Atlasia assembled

Section 1. Title

This legislation may be cited as the Breaking Big Corporations Act.

Section 2. Regulations
1. No company whose business consists primarily of a digital platform shall preference itself in the sale of advertisements or in any other services provided; such companies shall also ensure adequate interoperability and data portability with competing platforms.

2. Mergers and acquisitions resulting in a significant change in market concentration under the Clayton Act shall be presumptively prohibited, unless the merging parties can prove that the merger would not have a significant negative impact on consumers or firms.

3. No contract clause mandating arbitration of disputes may apply to antitrust claims.

5. It is the sense of the Congress that the Antitrust Division of the Department of Justice should investigate several technological corporations for engaging in anticompetitive practices which violate antitrust regulations. These include but are not limited to Microsoft, Google or Amazon.

a. It is the sense of the Congress that the Federal Trade Commission and the Department of Justice should prioritize for enforcement violators whose companies make up large shares of national markets, rather than prioritizing smaller violators.

Section 3. Enactment
1. This bill shall become enacted on April 1st, 2021

People's Regional Senate
Passed 5-0 in the Atlasian Senate Assembled,