A PYMNTS Company

US: Sen. Lee comments on antitrust investigations

 |  June 4, 2019
Sen. Mike Lee (R-UT) issued the following statement Tuesday, responding to news stories discussing potential antitrust investigations of high-tech firms.

    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.

    “Antitrust is a highly technical inquiry, not something that lends itself to easy generalizations or blanket condemnations,” Sen. Lee said. “This is why such investigations are best left to the antitrust agencies rather than Congress.”

    “That said,” Sen. Lee continued, “the leaks coming from various government agencies about possible antitrust investigations only undermine the effectiveness of our nation’s antitrust laws. They also call into question why we have two federal agencies responsible for civil antitrust enforcement. The substantive antitrust issues faced by tech firms share many similarities and there is a real danger that a divergence in enforcement policy between the Antitrust Division and the FTC will only result in confusion. We should be seeking more harmony in antitrust enforcement, not less.”

    Full Content: Senate

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