Critically important but commonly misunderstood, antitrust laws are meant to promote competition and protect consumers. Here’s everything you need to know.
America's antitrust laws protect competition and benefit consumers.
Antitrust laws ensure competition in a free and open market economy, which is the foundation of any vibrant economy. And healthy competition among sellers in an open marketplace gives consumers the benefits of lower prices, higher quality products and services, more choices, and greater innovation.
The core of U.S. antitrust law was created by three pieces of legislation: the Sherman Antitrust Act, the Federal Trade Commission Act, and the Clayton Antitrust Act. These laws have evolved along with the market, vigilantly guarding against anti-competitive harm that arises from abuse of dominance, bid rigging, price fixing, and customer allocation.
U.S. legislative proposals could undermine U.S. economic and security interests and strengthen foreign rivals without any apparent benefit to U.S. consumers.
America's Antitrust Laws: Explained in 60 Seconds
Antitrust laws ensure competition thrives, providing consumers with lower prices and higher-quality products and services. However, some seek to rewrite these laws and undermine consumer power in the marketplace. Before Congress starts making unnecessary and harmful changes, it’s important to set a few things straight.
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Inflation is already hurting families, workers, employers, and our economy, and the American Innovation and Choice Online Act would only lead to higher prices for consumers.
- Jun 17, 2022Competition Data Center
- Jun 17, 2022Striking Similarities: Comparing Europe's Digital Markets Act to the American Innovation and Choice Online Act
While the White House has rightly pushed back against Europe’s Digital Markets Act, Congress is considering similar legislation with the American Innovation and Choice Online Act – which would limit competition in the tech industry.
- Jun 15, 2022U.S. Chamber Letter on the Hearing, "Baby Formula and Beyond: The Impact of Consolidation on Families and Consumers"
This Hill letter was sent to the Members of the Senate Judiciary Committee's Subcommittee on Competition Policy, Antitrust, and Consumer Rights, on the hearing, “Baby Formula and Beyond: The Impact of Consolidation on Families and Consumers.”
- Jun 15, 2022Coalition Letter on Antitrust Legislation
This Coalition letter was sent to the Members of the United States Congress, opposing S. 2992, the “American Innovation and Choice Online Act,” and S. 2710, the “Open App Markets Act."
- May 26, 2022Chamber Letter on DOJ and FTC Listening Forums on Mergers and Acquisitions
The letter outlines concerns that the FTC and DOJ Listening Forums on mergers and acquisitions were intentionally designed to cast mergers as harmful.
- May 24, 2022Antitrust Legislation: The Robinson-Patman Mistake All Over Again
While some in Congress consider new antitrust legislation, here's why maintaining the consumer welfare standard is vitally important.
- May 23, 2022Antitrust Bills: Gateway to Sweeping Changes Across our Economy
Pending bills would substantively alter antitrust law in ways that would sap our economy’s potential for future growth and innovation.