House Antitrust Bills Will Deter Innovation and Alter the Legal Framework That Made the United States a Global Technology Leader

June 23, 2021

WASHINGTON—Ahead of the House Judiciary Committee marking up five new antitrust bills that would force large technology companies to modify their business models and curtail acquisitions, the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, released the following statement from Aurelien Portuese, ITIF’s director of antitrust and innovation policy:

If enacted, these new antitrust bills, informed by a "big is bad" ideology, will harm U.S. innovation and competitiveness and undermine an antitrust regulatory framework that has enabled the United States to become a global leader in technology. 

The Federal Trade Commission and the Department of Justice have more than the adequate legal authority to address competition issues in the U.S. economy and technology sector. What Congress should do is to ensure the right funding for enforcing antitrust laws.

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House Antitrust Bills Will Deter Innovation and Alter the Legal Framework That Made the United States a Global Technology Leader