Washington, D.C. — Following news that Jim Jordan and the House Judiciary Committee have decided to cut a misguided proposal in the reconciliation bill that would have transferred the Federal Trade Commission’s (FTC) antitrust capacity to the Department of Justice (DOJ)—effectively repealing the government’s authority to police unfair methods of competition and leaving ongoing cases against pharmacy benefit managers and Big Tech in limbo—the American Economic Liberties Project released the following statement.

“Jim Jordan and GOP Judiciary did the right thing scrapping a proposal that would have kneecapped antitrust enforcement against our economy’s most harmful monopolies,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “Folding the FTC’s antitrust capacity into the DOJ would have only served to undermine his party’s own enforcement agenda against the big three PBMs, Big Tech companies, and other monopolies that are squeezing consumers and hurting small business owners across the country. It also would have shifted resources without actually giving the DOJ Section 5 authority to pursue any of these cases. We applaud Democratic members of Judiciary Committee that stood up against his harmful proposal to ensure this amendment landed where it belongs — on the cutting room floor.”

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.