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US: ‘Commonsense’ antitrust bill introduced to dismay of nation’s railroads

By  |  March 22, 2013
US: ‘Commonsense’ antitrust bill introduced to dismay of nation’s railroads

Two Senators have introduced a bill into Congress that would take the antitrust exemptions away from the nation’s railroads in a move aimed at keeping transport costs in check. While other similar bills have failed to become law in the past, Senator Amy Klobuchar (D-MN), the head of the Senate Judiciary Committee’s antitrust subcommittee, and David Vitter (R-LA) argued the bill is “commonsense” and would require that railroads are held accountable for any antitrust violations. The senators also argued that the exemption leads to high costs for various businesses, including agricultural producers and power companies that use coal. Railroads, however, argue that those exemptions are vital for the industry’s survival.

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    Full Content: Reuters

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