Hawley’s antitrust bill focuses on market cap, ignoring consumers
by Tim De Chant from Ars Technica - All content on (#5GJMD)
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Sen. Josh Hawley (R-Mo.) proposed a new bill on Monday aimed at blocking mergers and acquisitions for companies with market caps of over $100 billion.
The bill, introduced by Hawley, a frequent critic of Big Tech, is strikingly brief, at just eight pages long. It would amend the Sherman Act, the Clayton Act, and the Federal Trade Commission Act-three antitrust laws enacted around the turn of the 20th century.
It is a radical, populist transformation to antitrust," said John O. McGinnis, a professor of constitutional law at Northwestern University.
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