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.
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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- Dec 03, 2021U.S. Chamber Pushes for Transparency from FTC U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement today in response to the Federal Trade Commission's (FTC) denial of the Chamber's requests under the Freedom of Information Act (FOIA).
- Dec 03, 2021Chamber Submits FOIA Requests to the FTC
- Dec 01, 2021Chamber Comments on the FTC's Strategic Plan
- Nov 19, 2021Letter to FTC on Penalty Offense Authority
- Nov 19, 2021Letter to FTC on Practice of Counting "Zombie Votes"
- Nov 10, 2021Why Selling Your Business Might Get Harder Proposed antitrust legislation could impact the ability of everyone from individual entrepreneurs to multi-million-dollar companies to be acquired.
- Nov 10, 2021U.S. Chamber Letter on S. 3197, the "Platform Competition and Opportunity Act of 2021" This Hill letter was sent to Members of the United States Senate opposing S. 3197, the "Platform Competition and Opportunity Act of 2021." This bill is on the Legislative Leadership list for the “How They Voted” scorecard.
- Oct 20, 2021U.S. Chamber Letter on S. 2992, the "American Innovation and Choice Online Act" This Hill letter was sent to the Members of the United States Senate, opposing S. 2992, the "American Innovation and Choice Online Act." This bill is on the Legislative Leadership list for the “How They Voted” scorecard.
- Oct 14, 2021U.S. Chamber Opposes 'Government Knows Best' Approach to Antitrust Washington, D.C. — U.S. Chamber Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement today regarding the announcement of antitrust legislation expected to be introduced in the Senate next week: