The Klobuchar bill: Is something rotten in the US antitrust legislative reform?
An intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator...
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| Format: | Article |
| Language: | English |
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University of Belgrade, Faculty of Law, Belgrade, Serbia
2022-01-01
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| Series: | Anali Pravnog Fakulteta u Beogradu |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2022/0003-25652201101I.pdf |
| _version_ | 1828350000712646656 |
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| author | Ilić Nikola |
| author_facet | Ilić Nikola |
| author_sort | Ilić Nikola |
| collection | DOAJ |
| description | An intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator Klobuchar proposed the new bill (the Competition and Antitrust Law Enforcement Reform Act) in 2021, and Congress is currently between a rock and a hard place. If Congress decides to support the New Brandeis movement and enact the bill, it could harm the tech giants and make the US start lagging behind China. If it decides otherwise, it could cause considerable dissatisfaction among US voters. This paper analyses the bill in detail and explores the possible outcomes. The conclusions suggest that enactment of the bill could have overwhelmingly adverse economic consequences for the competitiveness of US markets, innovation, and consequently for consumer welfare. |
| first_indexed | 2024-04-14T01:18:40Z |
| format | Article |
| id | doaj.art-cb13058d235248f3851d1c9d240a426b |
| institution | Directory Open Access Journal |
| issn | 0003-2565 2406-2693 |
| language | English |
| last_indexed | 2024-04-14T01:18:40Z |
| publishDate | 2022-01-01 |
| publisher | University of Belgrade, Faculty of Law, Belgrade, Serbia |
| record_format | Article |
| series | Anali Pravnog Fakulteta u Beogradu |
| spelling | doaj.art-cb13058d235248f3851d1c9d240a426b2022-12-22T02:20:44ZengUniversity of Belgrade, Faculty of Law, Belgrade, SerbiaAnali Pravnog Fakulteta u Beogradu0003-25652406-26932022-01-0170110112010.51204/Anali_PFBU_22104A0003-25652201101IThe Klobuchar bill: Is something rotten in the US antitrust legislative reform?Ilić Nikola0https://orcid.org/0000-0002-3728-3169University of Belgrade, Faculty of Law, SerbiaAn intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator Klobuchar proposed the new bill (the Competition and Antitrust Law Enforcement Reform Act) in 2021, and Congress is currently between a rock and a hard place. If Congress decides to support the New Brandeis movement and enact the bill, it could harm the tech giants and make the US start lagging behind China. If it decides otherwise, it could cause considerable dissatisfaction among US voters. This paper analyses the bill in detail and explores the possible outcomes. The conclusions suggest that enactment of the bill could have overwhelmingly adverse economic consequences for the competitiveness of US markets, innovation, and consequently for consumer welfare.https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2022/0003-25652201101I.pdfantitrust lawfederal trade commissioncompetition and antitrust law enforcement reform act of 2021tech giants |
| spellingShingle | Ilić Nikola The Klobuchar bill: Is something rotten in the US antitrust legislative reform? Anali Pravnog Fakulteta u Beogradu antitrust law federal trade commission competition and antitrust law enforcement reform act of 2021 tech giants |
| title | The Klobuchar bill: Is something rotten in the US antitrust legislative reform? |
| title_full | The Klobuchar bill: Is something rotten in the US antitrust legislative reform? |
| title_fullStr | The Klobuchar bill: Is something rotten in the US antitrust legislative reform? |
| title_full_unstemmed | The Klobuchar bill: Is something rotten in the US antitrust legislative reform? |
| title_short | The Klobuchar bill: Is something rotten in the US antitrust legislative reform? |
| title_sort | klobuchar bill is something rotten in the us antitrust legislative reform |
| topic | antitrust law federal trade commission competition and antitrust law enforcement reform act of 2021 tech giants |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2022/0003-25652201101I.pdf |
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