Political Quotes

“I rise today to introduce a piece of legislation called the Tougher Enforcement Against Monopolists Act, or the TEAM Act. I am grateful that my good friend and ranking member of the Judiciary Committee, the senior Senator from Iowa, Chuck Grassley, has joined me as a cosponsor of the bill. Now, I am aware that our House colleagues just recently introduced several bills intended to fight anti-competitive conduct by Big Tech. Those bills, in my view, don't go far enough. America is facing a panoply of competition concerns not just in Big Tech but across the entire economy. We need a holistic approach that benefits all consumers, in every industry. We need to deal with all the monopolists hurting competition. Even worse, the House bills not only have too small of a target, but they use too big of a sledgehammer to hit it. They create a truly massive expansion of Federal regulatory power and are the first steps toward a command-and-control economy. Responding to Big Tech with Big Government is adding insult to injury, not to mention something I doubt any conservative will be able to support. We don't need a bigger government. We need to make the one we have work better. The TEAM Act avoids each of these mistakes. Instead of a narrow focus and Big Government approach, this bill will improve Federal antitrust enforcement for the entire economy without making government bigger. The TEAM Act improves antitrust law in two ways.…”