As lawmakers continue to debate the role of Big Tech in America, two Republican Senators proposed a bill to consolidate and strengthen antitrust law enforcement.
Sen. Chuck Grassley (R-IA) and Sen. Mike Lee (R-UT) introduced the Tougher Enforcement Against Monopolies (TEAM) Act in an attempt to protect free market competition while minimizing intervention from the federal government.
According to a press release from Sen. Lee’s office:
The TEAM Act strengthens antitrust laws. It includes a market share-based merger presumption… and makes it harder for monopolists to justify or excuse anticompetitive conduct.
The TEAM Act strengthens antitrust enforcers. In addition to consolidating federal antitrust enforcement at the Department of Justice, the bill also includes a version of the Merger Filing Fee Modernization Act, introduced by Senators Klobuchar and Grassley. And most significantly, the bill roughly doubles the amount of money appropriated to federal antitrust enforcement, ensuring that our antitrust enforcers have all of the resources they need to protect American consumers.
The TEAM Act strengthens