Today, NetChoice announced opposition to a flurry of bills from Representatives on the House Judiciary Committee designed to radically undermine America’s antitrust foundation: the consumer welfare standard. These antitrust bills, supported by Judiciary Chair David Cicilline, include the Ending Platform Monopolies Act, ACCESS Act, Platform Anti-Monopoly Act, Platform Competition and Opportunity Act, and the Merger Filing Fee Modernization Act.
“If passed into law, these bills will result in higher prices, fewer choices, and less innovation for Americans,” said Carl Szabo, Vice President and General Counsel at NetChoice. “While President Biden works to advance America’s economic interests at the G-7, these bills would kneecap leading American businesses, fossilize American innovation, and undermine America’s global competitiveness.”
“At the same time Congress is looking to boost American innovation and cybersecurity, lawmakers should not pass legislation that would cede ground to foreign competitors and open up American data to dangerous and untrustworthy actors,” continued Szabo.