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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- 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:
- Sep 29, 2021U.S. Chamber Letter on Antitrust in the Pharmaceutical Industry Bills
This Hill letter was sent to Members of the House Judiciary Committee on H.R. 2891, the “Preserve Access to Affordable Generics and Biosimilars Act,” H.R. 2873, the “Affordable Prescriptions for Patients Act Through Promoting Competition Act,” and H.R. 2884, the “Affordable Prescriptions for Patients Through Improvements to Patent Litigation Act.”
- Sep 22, 2021U.S. Chamber Letter on S. 1787, the “State Antitrust Enforcement Venue Act of 2021”
This Hill letter was sent to Members of the Senate Judiciary Committee opposing S. 1787, the “State Antitrust Enforcement Venue Act of 2021.”
- Sep 20, 2021Antitrust 101: Key Terms and Definitions
Key laws and terms to know about antitrust
- Sep 20, 2021The Role & Responsibility of Antitrust
What antitrust is and what it is not
- Sep 20, 2021America’s Antitrust Laws: Myth vs. Facts
It's important to understand what current antitrust laws are and are not.
- Sep 15, 2021Finance and Financial Regulation Basics for Businesses
What small businesses and corporations need to know about financing and financial regulations.