Hawley Introduces Bill Banning Buys by Dominant Companies
Sen. Josh Hawley, R-Mo., introduced legislation Monday that would ban “all mergers and acquisitions by companies with market capitalization exceeding $100 billion.” The Trust-Busting for the Twenty-First Century Act would allow the FTC to designate “dominant digital firms” in prohibiting…
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such companies from buying potential competitors. It would alter the Sherman and Clayton acts to “make clear that direct evidence of anticompetitive conduct is sufficient to support an antitrust claim.”