A PYMNTS Company

Cicilline Will Introduce Antitrust Reform Bill “Very Soon”

 |  February 23, 2021

The chairman of the House antitrust panel said he’ll introduce legislation “very soon” to reform antitrust laws to curb the power of large technology platforms in the digital economy, reported Bloomberg Quint.

Representative David Cicilline (Democrat – Rhode Island), who led a 16-month investigation of American technology giants, said Monday, February 22, that he’s working with colleagues to craft legislation that can pass Congress in response to his panel’s findings.

“We intend in Congress to seize this moment working with all of you to make sure we move forward and make significant progress to address this monopoly challenge we face in our country, because our failure to do so is not an option,” Cicilline said at a small business webinar. 

Cicilline’s work on antitrust legislation is part of an emerging effort on Capitol Hill to give antitrust enforcers more power to block mergers and stop anticompetitive conduct. Democratic Senator Amy Klobuchar of Minnesota introduced her own legislative proposal earlier this month with other Democrats.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.