U.S. Senate weighs app store reform bill

A U.S. Senate panel will debate an app store bill on Thursday, Reuters reports.

The Open Apps Markets Act aims to rein in app stores of companies that holds too much market power, including Apple Inc and Alphabet Inc’s Google.

The bill is backed by a bipartisan group of lawmakers.

U.S senator Richard Blumenthal, said in the bill aims to “stop Apple and Google from crushing competitors and undercutting consumers.”

In the same vein, Marsha Blackburn, said the bill exists to “hold big tech companies like Apple and Google accountable.”

The lawmakers say the bill would bar big app stores from requiring app providers to use their payment system.

The bill will also prohibit app stores from punishing apps that offer different prices or conditions through another app store or payment system.

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