The Competition and Antitrust Law Enforcement Reform Act combines a bevy of existing proposals into one omnibus bill that lays out Democrats’ strategy for tackling monopolization across the economy.
The first proposal of the lengthy legislation is focused on making anticompetitive mergers more difficult by amending the Clayton Act.
ADVERTISEMENT
It would add a risk-based standard to the foundational antitrust law and clarify that mergers that create a monopsony violate it.
The bill introduced by Klobuchar, the top Democrat on the Senate Judiciary subcommittee on antitrust, would also seek to shift the burden to parties seeking a merger to prove that they would not create a risk of lessening competition.