Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Maria Langholz, Maria@demandprogress.org

Press Release

Statement on Prohibiting Anticompetitive Mergers Act

WASHINGTON -

Following the introduction of the "Prohibiting Anticompetitive Mergers Act" by Sen. Elizabeth Warren and Rep. Mondaire Jones today, Demand Progress Education Fund Legal Director Ginger Quintero-McCall issued the following statement:

"This piece of legislation is an important and essential step toward repairing the problems that large monopolies have created in our economy. The concentration of market power that we have seen across many sectors, especially the tech sector, has crushed small business innovation, harmed workers and communities, contributed to higher prices and supply chain issues, and fostered an atmosphere where consumer rights are trampled because consumers lack viable alternatives to monopoly firms. 

"This bill will give the Federal Trade Commission and Department of Justice greater power to stop monopolistic mergers and even go back in time to undo mergers which have shown negative impacts on consumers, small businesses, and the overall economy. If passed, this would allow enforcement agencies to consider the impacts that a merger will have on workers, consumers, businesses, communities, privacy, and innovation. This legislation would also create transparency around merger filings, which have often been secret, and allow the public to understand and comment on the potential effects of a proposed merger. Underlying this legislation is a bold vision for an economy where the interests of people - not just corporate interests - are considered."

###

Demand Progress amplifies the voice of the people — and wields it to make government accountable and contest concentrated corporate power. Our mission is to protect the democratic character of the internet — and wield it to contest concentrated corporate power and hold government accountable.

Biden Urged to Sign Executive Order Guaranteeing Rail Workers Paid Sick Leave

After the president brokered a compulsory contract without a single paid day off for illness, one labor advocate implored him to "put up or shut up about how you really want them to have sick leave!"

Brett Wilkins ·


Campaigners Demand Deep Cuts to Plastic Production as Global Treaty Negotiations Ramp Up

"The scale of the problem is mind-boggling," said one advocate. "Plastic is in our blood. It's in fetuses. It's really encroaching on every aspect of human existence."

Julia Conley ·


Putting 'Profits Over People', Senate Rejects Paid Sick Leave for Rail Workers

"Senate Republicans and Joe Manchin have yet AGAIN failed working Americans by voting down seven days of paid sick leave for rail workers," lamented Rep. Jamaal Bowman.

Brett Wilkins ·


'We Must Cancel Student Debt,' Activists Argue as SCOTUS Agrees to Hear Case in February

"The right-tilted Supreme Court now holds in the balance relief for millions of hardworking Americans," said one campaigner. "It would be a giant loss for the economy if justices rule in favor of the special interests."

Jessica Corbett ·


A Labor Revolt Is Brewing... Inside the National Labor Relations Board

"From Congress, we demand funds, not furloughs," says the NLRB union. "From NLRB General Counsel Jennifer Abruzzo, we demand collaboration, not coercion."

Kenny Stancil ·

Common Dreams Logo