Economic Liberties Applauds New York Senate for Passing Antitrust Reform Bill
Washington, DC – The American Economic Liberties Project released the following statement in reaction to the New York Senate passing Bill 933, which would upgrade the state’s antitrust law, giving state enforcers a significant new tool to rein in the power of dominant corporations and protect workers.
“The New York Senate took a significant step today toward reforming the state’s antitrust laws to protect small businesses and workers from the abuses of dominant corporations,” said Pat Garofalo, Director of State and Local Policy at the American Economic Liberties Project. “This groundbreaking legislation would set an important new standard for antitrust enforcement. We urge the New York Assembly to pass the bill, and for more states to join in the broader movement to reform outdated and ineffective antitrust laws.”
Last week, Economic Liberties worked with 14 groups to send a letter to the New York State Legislature urging them to pass New York Senate Bill 933, which would create a framework so that dominant firms with market power, whether on the selling, distribution, or buying side, are held accountable for abusing their power. Economic Liberties also released an explainer on the bill, breaking down key provisions and laying out why lawmakers should quickly pass the legislation.
Read Economic Liberties explainer on SB 933 here.
Learn more about Economic Liberties here.
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.