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I call this hearing of the subcommittee on competition, policy, antitrust and consumer rights on protecting Innovation And Consumer choice in home technologies the order. To order. Good afternoon. Welcome to our witnesses. This hearing continues Senator Lee and my and our committee members bipartisan review of americas monopoly problem. And i thank Senator Lee and his staff for working with our staff to plan this hearing. The Competition Policy Subcommittee has been examining the problems that arise when a handful of companies become powerful enough to distort competition in the marketplace. So far weve seen that excessive Market Power benefits the few companies able to wield it at the expense of consumers, businesses and workers. Our current antitrust laws have not been effective in stemming the rise of Monopoly Power or its abuse by dominant companies. As a result, we see competition problems in industry after industry across our economy. Today well examine an emerging industry that
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