WASHINGTON – In response to the first House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law Hearing today on modernizing antitrust laws, Main Street Alliance Government Affairs Director Didier Trinh had this to say:
“Small businesses look forward to the important examination of market power abuse, competition and antitrust from the House Judiciary Subcommittee. Main Street has too long seen the unabated growth and uneven playing field with large monopolies that impact not only competition of goods and services, but have also been squeezing small businesses out of supply chains and other core economic access points. As the pandemic has hammered small businesses, many large corporations have continued to consolidate market share and make the landscape even harder to recover from. This will have repercussions not only in our local communities and main streets, but our democracy and economy as a whole.
For policymakers interested in a robust, competitive small business economy, passing new anti-monopoly laws must be a key priority for federal policymakers in 2021. Antitrust is one place where we can look to build a more resilient economy coming out of the pandemic.”