Democrats Pitch Antitrust Revamp for ‘Too Big to Fix’ Deals
- Klobuchar leads Democrats in proposed overhaul of merger law
- Minnesota lawmaker is incoming chair of Senate antitrust panel
Amy Klobuchar
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
Senator Amy Klobuchar is proposing a sweeping reform to U.S. antitrust laws that would curtail the power of dominant companies across the economy by making it harder for them to buy competitors and flex their muscles over markets.
Klobuchar, who is the incoming chairwoman of the Senate’s panel on antitrust law and competition, introduced legislation that would change current merger law to make it easier to stop deals in court and target conduct by dominant companies that thwarts competition from rivals.