The said hearing, handled by the Senate’s Subcommittee on Antitrust, Competition Policy and Consumer Rights is formally called “The Power of Google: Serving Consumers or Threatening Competition?” So far, the only witness proclaimed is Schmidt, who will face questions concerning the Internet giant’s dominating role in the online search market and search advertising.
This coming Thursday, the Senate will announce the hearing date and time.
Schmidt finished a 10-year run as CEO of Google in April, stepping aside for co-founder Larry Page.
Google is as well dealing with an antitrust study performed by the Federal Trade Commision (FTC), as well as questions from the Justice Department over its proposed purchase of AdMeld, an online advertising firm.
According to Google, it will cooperate with federal regulators and investigators as they investigate into its businesses.