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:
“This is a deeply flawed proposal that will upend the rules of the road that have made the U.S. the envy of the world when it comes to innovation and growth.
“This legislation is not substantially different from the progressive proposals pushed in the House earlier this year that seek to turn antitrust from a tool to promote competition into one designed to allow big government to manage competition.
“All companies should be expected to compete and held accountable when they don’t. But no company should be singled out by legislation designed to weigh down their ability to compete on the merits.
“The proposed bill relies on levels of market capitalization to apply one set of rules to some companies and a different set for everyone else – the very definition of government picking winners and losers. We call on Republicans and Democrats alike to reject this government knows best approach.”