On the recordSeptember 29, 2022
Mr. Speaker, I thank the chairman again for yielding. I just want to make clear, once again, that this bill does not appropriate money to the FTC, and I think the chairman of the Judiciary Committee and I will continue to advocate for more funding. But this is not an appropriations bill. The ultimate decision about whether money will be appropriated to the FTC or the Department of Justice will be made like every other appropriation: by the Members of the Congress of the United States after a robust debate, and the Congress will decide. This generates revenue and makes certain that big mergers are paid for by gigantic near monopolies of big corporations and not by our constituents, and it lowers the price for merger reviews on smaller transactions. So that is all it does. Secondly, it is important to remember that, as Mr. Buck said, this isn't a Republican or Democrat bill. I want to read to you a statement from Senator Klobuchar and Senator Durbin: ``The Merger Filing Fee Modernization Act is the product of years of bipartisan work in both the House and Senate to improve the enforcement of our antitrust laws and protect competition and consumers.…





