Excited for the first antitrust oversight hearing w/ both @linakhanFTC & @JusticeATR kicking off soon. Excited to hear what these Khan/Kan-do enforcers will discuss w/ @SenAmyKlobuchar. Tune in here: judiciary.senate.gov/meetings/overs….
.@SenAmyKlobuchar laying out long history of American antitrust enforcement, tracing back to the founding. America founded by those seeking economic freedom from monopolies.
More @SenAmyKlobuchar. Calls out list of bipartisan bills, including tech bills like S. 2992 w/ @ChuckGrassley. Well past time to get those passed.
Antitrust agencies desperately need $$$. They're outgunned and outspent by massive tech companies. Need legislation like Merger Filing Fees Modernization Act to level the playing field
Ranking Member @SenMikeLee applauds agencies for realizing that harms from under-enforcement have been under-counted past few years. Thankfully, agency bold leadership is correcting
First up, @JusticeATR's Kanter. Discussing the various challenges the Division has brought, protecting competition & consumers. "Congress knew what they said when they passed merger laws" -> advocating for common sense readings of antitrust statutes.
💪💪💪 endorsement of AICO & OAMA from Kanter. "Both the American Innovation and Choice Online Act and the Open [App] Markets Act are important to those goals [promoting tech competition]."
Now @linakhanFTC. Talks up strong partnership with @JusticeATR & strong work of @FTC staff. Increased scrutiny for vertical deals & serial acquisitions.
Not just waiting for markets to get monopolized like in the past, @linakhanFTC highlights the challenge of Meta/Within to protect and promote competition in fledgling VR space
.@JusticeATR & @linakhanFTC calling for more resources. Have fewer staff than in 1979 despite massively increased responsibilities. Can't have big & bold cases w/o funding to see them through
In @Meta litigation, @linakhanFTC calculates agency is out-lawyered and out-funded 10:1!
.@JusticeATR's Kanter very "enthusiastic" about Congress exercising its role to give them additional tools like in AICO to rein in #BigTech.
Bro what?!? Apparently @tedcruz is a FTC alum (ran OPP for two years). Who knew, man.
.@linakhanFTC cites digital markets as a "top concern" for the agency under questioning by @SenHawleyPress.
.@linakhanFTC discussing the power of online "gatekeepers" to copy and surveil the products of competitors. Key we need non-discrimination legislation like #AICO to properly combat.
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