On the recordMarch 23, 2016
I am anguished in listening to the pleas of my friend from Texas to help these megamergers, to help these big, multinational corporations. They need us so badly because the big, bad FTC is treating them too tough. It is too rough on them. Therefore, we have to make the law fairer for them. They have all of these silk stocking lawyers off of Wall Street, but we need to help them. We are not doing anything else here in Congress other than helping multinational corporations, hearing the plea that these folks need help when it is the folks in Flint, Michigan, who need help, who are crying out for help, but their voices can't be heard in this Congress because we are too busy trying to protect these big, multinational corporations. The only thing we want to do, according to my friends, is to harmonize the standard of proof between the DOJ and the FTC so that the big, bad corporations which need our help only have to deal with one standard of proof. They are not telling you what they are really wanting to do, which is to gut administrative review by the FTC, under section 5(b) of the FTC Act. That is where the real harm comes in, but they don't want to tell you about that. They don't want to let you know what kind of impact that has when a prescription drug company seeks to merge again with another large company and make a humongous company that is too big to fail and, also, too big to regulate your drug prices out there.…
