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Klobuchar antitrust legislation would make it harder for big companies to acquire small ones
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Democratic Minnesota Sen. Amy Klobuchar on Thursday is introducing legislation that would make it harder for big companies displaying anticompetitive behavior to acquire smaller companies.
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The Competition and Antitrust Law Enforcement Reform Act aims to make it easier for lawmakers to push back against anticompetitive conduct and mergers and improve enforcement actions.
"Competition and effective antitrust enforcement are critical to protecting workers and consumers, spurring innovation, and promoting economic equity," Klobuchar said in a statement. "While the United States once had some of the most effective antitrust laws in the world, our economy today faces a massive competition problem. We can no longer sweep this issue under the rug and hope our existing laws are adequate.