However, the president of online business trade group NetChoice, whose stated goal is to protect internet businesses from overregulation, railed on the bill as simply a way for Cicilline to accomplish “his outdated antitrust agenda” rather than “protecting American jobs.”
NetChoice President Steve DelBianco argued in a statement that, “mergers and acquisitions are necessary tools to save jobs, businesses, and investments in innovation” during a crisis.
“If enacted, Chairman Cicilline’s proposal would leave small businesses with no choice but to fire their employees and declare bankruptcy,” DelBianco said.
Antitrust
Posted 04/24/2020
| Media Hits