A recent economic analysis by CCIA shows that proposed antitrust bills would seriously cost U.S. investors and pension plan members including nurses, firefighters, and other public sector workers. Extending the methodology employed in a study by NERA Economics, CCIA found that by the late 2030s, the market value for regulated companies would decrease significantly—causing up […]

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Sean Heather, Senior Vice President of International Regulatory Affairs & Antitrust at the U.S. Chamber of Commerce, warns of three reasons why the pending anti-tech bills “will mark the beginning, not the end, of the government’s latest assault on the free market.”  1. The bills outlaw practices “routinely used today” across “every industry.” “Each of […]

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Former Treasury Secretary and National Economic Council Director Larry Summers issued a dire warning about recent attempts to push populist, Brandeisian antitrust enforcement, saying that this type of policy “will make the US economy more inflationary and less resilient.” Brandeisian antirust will make the U.S. economy “more inflationary and less resilient,” warned Summers. “I am […]

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Sen. Klobuchar’s revised American Innovation and Choice Online Act (AICOA) recognizes the original bill’s numerous problems, as raised by a bipartisan group of 13 senators during January’s Senate Judiciary Committee markup, but solves none of them. Even worse, this new legislation explicitly carves out big telecommunications, banks, and credit card companies. Without the special exemption, an […]

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Representative Eric Swalwell (D-Calif.), member of the House Committees on Intelligence and Homeland Security, recently raised serious questions about how congressional anti-tech bills would harm U.S. national security.  These concerns add to a growing chorus of national security experts who have expressed serious concerns about the bills’ impact on American security and competitiveness. Swalwell explained: […]

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The U.S. Bureau of Economic Analysis estimates that real GDP decreased at an annual rate of 1.4% in Q1 of 2022, a sharp decline from the 6.9% growth in Q4 of 2021 and the first decline since the pandemic lockdowns in the first half of 2020.  In response to this news, the WSJ Editorial Board […]

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At a recent event at the University of Chicago’s Stigler Center, Rep. Ken Buck (R-CO) said that tech regulation could be the first step in a broader regulatory push. Rep. Buck recently stated that there are “absolutely” other industries that are “ripe” for antitrust legislation. “We had a decade of huge accumulation in the Big […]

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A dozen organizations sent a letter to lawmakers to address the economic harms that proposed antitrust legislation will have on American consumers and businesses of all sizes. The broad, diverse, and bipartisan array of signatories includes the Computer & Communications Industry Association, TechNet, the Small Business Entrepreneurship Council, U.S. Hispanic Business Council, NetChoice, Consumer Technology […]

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Last month a panel of five Berkeley professors–each a former Chief Economist–raised deep concerns with Congress’s anti-tech legislation. Moderated by D. Daniel Sokol, Carolyn Craig Franklin Chair in Law and Business, the panel discussion included: — Professor Carl Shapiro, who previously served as Chief Economist at the DOJ and member of the Council of Economic […]

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The American Bar Associations’ Antitrust Law Section— “the world’s largest professional organization for antitrust and competition law” —released an extensive analysis outlining its strong concerns with AICOA, S. 2992, detailing that it “risks causing unpredicted and unintended consequences.” In the 21-page letter, the Section warns:  — AICOA’s self-preferencing prohibitions “risk consumer harm.” “Online consumers generally […]

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