Amazon’s Bid to Settle Highlights Strength of AG Bonta and FTC’s Antitrust Cases
October 18, 2023 — In response to new reporting revealing that Amazon offered to settle California Attorney General Rob Bonta’s antitrust investigation into the ecommerce giant mere days before the the state actually filed the suit, the American Economic Liberties Project released the following statement.
DOJ Concludes a Compelling Case in the Landmark US v. Google Antitrust Trial with Final Witness
October 18, 2023 — Halfway into a landmark ten-week trial taking on Google’s $1.7 trillion search monopoly, the Department of Justice Antitrust Division called its last witness, closing weeks of rigorous testimony from leading economists and executives from Google, Apple, Microsoft, Samsung and others.
New Economic Liberties Paper Series Unpacks Importance of Competition in U.S. Industrial Policy
October 16, 2023 — As the Biden administration works to revive industrial policy in the U.S., the American Economic Liberties Project today launched its new Industrial Policy Paper Series to address competition concerns that could undermine successful implementation of these critical new policies—starting with “Lessons From the Heat Pump Market: Why Market Structure Analysis Matters for Effective Industrial Policy Design and Implementation.”
FTC & CFPB Fight to Save Billions for Consumers by Cracking Down on Junk Fees
October 11, 2023 — The Biden-Harris administration announced new actions today to rid the economy of junk fees and promote competition, including a proposed rule banning “hidden and bogus” fees across the economy from the Federal Trade Commission, new guidance from the Consumer Financial Protection Bureau to stop big banks from charging excessive fees for basic services, new data proving the millions in savings for consumers from junk fee crackdowns, along with momentum from the Office of Information and Regulatory Affairs to help agencies better develop and analyze regulations with competition in mind. In response, the American Economic Liberties Project released the following statement.
DOJ Should Cancel New ‘Get Out of Jail Free’ Card Policy for Corporate Crime in Mergers
October 4, 2023 — In anticipation of a new policy change from the Justice Department, previewed earlier today by Deputy Attorney General Lisa Monaco, which would allow firms who commit crimes to get amnesty as long as they are acquired and then disclose wrongdoing within six months of the merger, the American Economic Liberties Project released the following statement.