October 07, 2020

Vice-Chair Neguse Responds to Antitrust Subcommittee Report

Washington, D.C. –Vice Chair of the House Judiciary’s Subcommittee on Antitrust, Commercial and Administrative Law released the following statement after the release of the Antitrust Subcommittee’s report on the more than 16-month long investigation into the state of competition in the digital economy. It can be downloaded by clicking here.

 “As Vice-Chair of the Antitrust Subcommittee, I’m proud of the investigative work our subcommittee has completed. It is abundantly clear from the subcommittee’s investigation that our existing antitrust laws, competition policies, and current enforcement efforts are not adequate to address the growing market power and anticompetitive business practices of companies in the digital marketplace.”

 “Congress plays a unique role in this area and must work to ensure that the digital marketplace remains fair for users, consumers, entrepreneurs, and small businesses. Our digital economy must be a place where people have confidence that their data is secure, our democracy is protected, and innovation can thrive. I'm looking forward to the next steps as my colleagues and the American people review the recommendations made in the report.”

 In January, the Subcommittee held a field hearing in Boulder, Colorado at the University of Colorado Law School. The hearing was the fifth in a series hosted by the Subcommittee on dominant platforms and examined the state of competition in the digital marketplace. Bipartisan members from the Subcommittee heard from top executives of companies with concerns about the rise of market power and anticompetitive conduct online. It was the second congressional field hearing Congressman Neguse secured in Colorado.