New Antitrust Bill Will Bolster US Fight Against Tech Giants With Small Reforms
- Higher fees for mergers will go to FTC, DOJ antitrust division
- Attorneys general will get more say over where cases are heard
The U.S Capitol building in Washington, DC.
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
The House on Wednesday passed a package of bills intended to reinvigorate trust-busting in the US, marking the first time Congress has voted to expand antitrust laws in decades.
The package passed 242-184 after days of infighting on both sides of the aisle. Next, it will go to the Senate, where it is expected to pass before moving on to President Joe Biden to be signed into law.