Spartz
Rep. Victoria Spartz on Thursday released a statement urging her House colleagues to support a bipartisan, bicameral antitrust reform package, which includes the Merger Filing Fee Modernization, Foreign Merger Subsidy Disclosure, and State Antitrust Enforcement Venue Acts, which passed the House Rules Committee this week and Judiciary Committees earlier this year.
This legislation is also led by Sens. Tom Cotton (R-Ark.), Chuck Grassley (R-Iowa), Amy Klobuchar (D-Minn.) and Mike Lee (R-Utah) on the Senate side and is a first step to reform antitrust enforcement. These changes will expand state enforcement, rebalance merger filing fees to user fees from larger stakeholders and increase transparency for certain foreign subsidies.
“Competition and proper antitrust enforcement are essential for free enterprise,” Rep. Spartz said. “Our antitrust laws haven’t been modernized for over a century and need to be aligned with the demands of the 21st century economy in a thoughtful and deliberative way. I am glad to co-lead this bicameral antitrust reform effort to deal with abusive monopoly powers, including infringements on our Constitutional rights by Big Tech.”
Click here to read the full text of the bill.