The US Senate introduces a major antitrust bill which outlaws any merger for Big Tech and other companies valued over $100 billion

The Klobuchar Bill’s Not-So-Bright Lines for Antitrust Scrutiny* In a recent op-ed, Robert Bork Jr. laments the Biden administration’s drive to jettison the Consumer Welfare Standard that has formed nearly half a century of antitrust jurisprudence. The move can be seen in the near-revolution at the Federal Trade Commission, in the president’s executive order on competition enforcement, and in several of the major antitrust bills currently before Congress. Bork notes the Competition and Antitrust Law Enforcement Reform Act, introduced by Sen. Amy Klobuchar (D-Minn.), would “outlaw any mergers or acquisitions for the more than 80 large U.S. companies valued over $100 billion.” Bork is correct that it will be more than 80 companies, but it is likely to be way more. While the Klobuchar bill

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Authors

  • Portland State University
  • International Center for Law & Economics (Portland)

Quotation

Eric Fruits, Geoffrey Manne, The US Senate introduces a major antitrust bill which outlaws any merger for Big Tech and other companies valued over $100 billion, 4 February 2021, e-Competitions February 2021, Art. N° 103300

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