Antitrust me

5 February 2021 By Jennifer Saba Follow @jennifersaba

Amy Klobuchar is championing competition-law reforms from boosting enforcement funds to making big acquirers prove they aren’t reducing rivalry. It’s more thoughtful than a purely partisan opening bid. Knee-jerk critics should consider that alternatives might be worse.

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U.S. Democratic Senator Amy Klobuchar on Feb. 4 unveiled the Competition and Antitrust Law Enforcement Reform Act. The bill proposes to give federal regulators more resources and strengthen prohibitions on anticompetitive conduct and mergers.

The bill would authorize increases in the annual budgets at the Department of Justice’s antitrust division and the Federal Trade Commission. It also proposes to shift the burden of proof to merging companies to show tie-ups are legal for deals valued at more than $5 billion or when a company buys a disruptive rival.

Klobuchar is set to become chair of the Senate judiciary subcommittee on antitrust, competition policy and consumer rights.

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