While legislators will undoubtedly continue their attacks on big tech into the foreseeable future, it is clear that Klobuchar’s bill is underpinned by a flawed understanding of the tech industry’s current state, the consumer benefits that tech companies generate, and the support they have provided to small businesses. These factors alone should be enough to convince lawmakers that Klobuchar’s Competition and Antitrust Law Enforcement Reform Act should not become the basis of U.S. antitrust law.
This commentary is available in Inside Sources.