Janice Schakowsky: “Americans are tired of monopolies that saddle them with less choices and higher prices. The Federal Trade Commission and…”

“Americans are tired of monopolies that saddle them with less choices and higher prices. The Federal Trade Commission and the Department of Justice must have the resources that they need to aggressively combat anticompetitive mergers. This commonsense, bipartisan legislation that we are considering today is absolutely needed right now in order to protect consumers. It makes giant companies pay their fair share, improves transparency, and streamlines litigation. This should not be--and it isn't--a partisan piece of legislation. At a hearing I was chairing as the chair of the Subcommittee on Consumer Protection and Commerce, we had testimony last year from a Bush- appointed member of the Federal Trade Commission, Bill Kovacic, who called for a tripling in the FTC budget. He recognized that this agency should play a leading role in enforcing our laws that protect consumers, workers, and innovation. I urge all my colleagues to vote in favor of this legislation. Mr. Speaker, I include in the Record a very compelling statement made by both Senator Klobuchar and Senator Durbin in favor of the legislation. (By Amy Klobuchar, U.S. Senator from Minnesota, Sept. 29, 2022) Klobuchar, Durbin Issue Statement Urging House to Pass Bipartisan Legislation to Strengthen Antitrust Enforcement Washington.--U.S.…”