Today, Senate Finance Committee Chairman Chuck Grassley (R-IA) and Senate Antitrust Subcommittee Ranking Member Amy Klobuchar (D-MN), introduced the Merger Filing Fee Modernization Act. The Act would increase merger filing fees for large mergers reviewed by the Department of Justice Antitrust Division and the Federal Trade Commission, and use the additional funding to increase budgets for the two enforcers.
This morning, Reuters reported that the career attorneys at the Department of Justice Antitrust Division have recommended the agency file a lawsuit to block the proposed T-Mobile/Sprint merger. This reporting follows Monday’s announcement by Federal Communications Commission Chairman Ajit Pai that he would recommend the FCC approve the deal. State Attorneys General and the California Public Utilities Commission also continue to review the transaction. Public Knowledge opposes the transaction as a member of the 4Competition Coalition, filed a Petition to Deny with the FCC, and testified against the deal on Capitol Hill.
Today, Filmmakers Collaborative SF launched a new film highlighting a successful antitrust legal action brought by the U.S. Department of Justice against Google, Apple, eBay, and other major technology companies in 2009. Public Knowledge President & CEO, Gene Kimmelman, provided commentary and insight for the project.
On Friday, I was heartened to see Senator Elizabeth Warren enter the digital platform competition debate in a big way. Her proposal has already generated a ton of great conversation about how digital platforms ought to be regulated. The agenda-setting role of presidential candidates is significant, and I’m so glad this important topic is on the agenda now. The proposal includes more wonky detail than many campaign proposals, though of course, it is not fully drafted legislation. I want to take this opportunity to discuss the proposal in depth and think about how policymakers can move forward from here. Congress should start now on providing the additional analysis that is generally needed before any specific action is taken.