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- D.C. STATEHOOD
- PRESIDENTIAL POWER
- ANTITRUST REFORM
Antitrust laws are regulations that encourage competition by limiting the market share of corporations. This often involves ensuring that mergers and acquisitions don't overly concentrate market power or form monopolies, as well as breaking up firms that have become monopolies. Many Americans believe that during the past 30-40 years, our economy has been rigged against American consumers. Critics claim corporate lobbying has unduly influenced our representatives, making them less responsive to their constituents and allowing firms to “concentrate” their market power at the expense of consumers and small businesses. They say illegal corporate collusion has drastically reduced real competition between “competitors” and resulted in many de-facto monopolies.
Among others, our healthcare, petroleum, agriculture, airline, telecom and tech industries have all been accused of gaming the system in favor of increased profits. They claim collusion exists among the providers of most of the products and services upon which American consumers depend. The Justice Department’s antitrust division and the Federal Trade Commission (FTC) are the government’s two antitrust enforcers but they have not been aggressive or effective enough to protect the American marketplace from corporate greed. Consumer advocates say this has gone on long enough.
Pending Legislation: S.225 - The Competition and Antitrust Law Enforcement Reform Act
Sponsor: Sen. Amy Klobuchar (MN)
Status: Senate Committee on the Judiciary
Chair: Sen. Dick Durban (IL)
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Among others, our healthcare, petroleum, agriculture, airline, telecom and tech industries have all been accused of gaming the system in favor of increased profits. They claim collusion exists among the providers of most of the products and services upon which American consumers depend. The Justice Department’s antitrust division and the Federal Trade Commission (FTC) are the government’s two antitrust enforcers but they have not been aggressive or effective enough to protect the American marketplace from corporate greed. Consumer advocates say this has gone on long enough.
Pending Legislation: S.225 - The Competition and Antitrust Law Enforcement Reform Act
Sponsor: Sen. Amy Klobuchar (MN)
Status: Senate Committee on the Judiciary
Chair: Sen. Dick Durban (IL)
Tweet
- I oppose reforming current antitrust reform policy and wish to donate resources to the campaign committee of Leader Charles Schumer.
- I support reforming current antitrust laws and the agencies tasked with enforcing them by: 1.) Shifting the burden to parties seeking a merger to prove that they would not create a risk of lessening competition. 2.) Restricting acquisitions by a dominant firm with 50% market share, and acquisitions of firms by competitors and mega-merger transactions valued at $5 billion or more. 3.) Adding an additional $300 million to Justice Department’s antitrust division and the Federal Trade Commission’s annual budget and authorize them to seek civil fines for competition violations. 4.) Creating an independent Competition Advocate at the FTC. 5.) Eliminating the requirement that claimants almost always define a relevant market in order to establish liability in antitrust court cases. 6.) Requiring studies by the FTC and Government Accountability Office on competition. And wish to donate resources to the campaign committee of Sen. Dick Durban (IL) and/or to an advocate group currently working with this issue.
- I support reforming current antitrust laws and the agencies tasked with enforcing them by:
1.) Shifting the burden to parties seeking a merger to prove that they would not create a risk of lessening competition.
2.) Restricting acquisitions by a dominant firm with 50% market share, and acquisitions of firms by competitors and mega-merger transactions valued at $5 billion or more.
3.) Adding an additional $300 million to Justice Department’s antitrust division and the Federal Trade Commission’s annual budget and authorize them to seek civil fines for competition violations.
4.) Creating an independent Competition Advocate at the FTC.
5.) Eliminating the requirement that claimants almost always define a relevant market in order to establish liability in antitrust court cases.
6.) Requiring studies by the FTC and Government Accountability Office on competition.
And wish to donate resources to the campaign committee of Sen. Dick Durban (IL) and/or to an advocate group currently working with this issue.
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
October 18, 2021
Pledge Period - Closing Date
October 24, 2021
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October 25, 2021
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