A PYMNTS Company

Sen. Lee Calls For One Agency To Improve Antitrust Enforcement

By  |  March 10, 2021
Mike Lee

Sen. Mike Lee (Republican – Utah) reintroduced the One Agency Act on Tuesday, March 9, legislation that would improve antitrust enforcement by putting all antitrust enforcement under one roof, at the Department of Justice. The updated bill will also prohibit the Federal Communications Commission from undertaking duplicative competitive analyses of deals under its purview. It is co-sponsored by Sen. Thom Tillis, and supported by several outside groups. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “For too long, our two-headed antitrust enforcement system has suffered from bureaucratic in-fighting, delays, redundancies, and inconsistency. Competition is too important to tolerate these problems any longer, especially when they allow sophisticated players to game the system to their own advantage and avoid accountability for engaging in anticompetitive behavior,” Sen. Lee said.

    “It’s time to right the ship by consolidating and strengthening our antitrust enforcement at the Justice Department. The Department is more politically accountable, and its structure is better suited to the decisive enforcement we need to better protect American consumers.”

    “I’m a strong proponent of antitrust enforcement, especially in the case of intellectual property protections,” said Sen. Tillis. “Antitrust has a valuable role to play in ensuring that Big Tech companies like Google, Facebook, and Twitter can’t simply use their market power to steal creators’ content. But our current antitrust enforcement system—split between the Department of Justice and the Federal Trade Commission—simply isn’t working anymore. It hasn’t been for years. For too long, unelected and unaccountable bureaucrats at the FTC have pursued overly partisan enforcement actions which are entirely disconnected from economic reality. It’s past time that antitrust enforcement be handled solely by a politically accountable entity. I am proud to work with my colleagues on this long-overdue bill to ensure proper enforcement of antitrust laws through an improved, more streamlined process.”