AAI announced its support for the Anticompetitive Exclusionary Conduct Prevention Act, introduced on March 10, 2020 by Senator Amy Klobuchar (D-MN). Senator Klobuchar is the Ranking Member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights.
The news release issued by Senator Klobuchar’s office explains that the new legislation “…deters anticompetitive abuses that distort the competitive process and harm consumers, innovation, and new business formation.” The Act “…prohibits anticompetitive exclusionary conduct that risks harm to the competitive process. It also makes reforms to improve antitrust enforcement across the board. The bill was cosponsored by Senators Richard Blumenthal (D-CT) and Cory Booker (D-NJ).”
AAI President, Diana Moss stated in the new release that “AAI supports Senator Klobuchar’s bill to strengthen U.S. law to limit harmful conduct by dominant firms–an area of antitrust that has been largely unenforced for decades. The bill sets forth clear, strong, and needed criteria for policing conduct that is designed to drive rivals from markets. It should garner broad bi-partisan support from members of Congress who seek to protect our markets, competition, consumers, and workers.”