Omnibus Bill Marks Major Milestone for the Anti-Monopoly Movement

December 20, 2022 Press Release

Washington, D.C. — The American Economic Liberties Project released the following statement in response to news that the Merger Filing Fees Modernization Act was included in the Senate’s omnibus spending bill.

“This is a major milestone for the anti-monopoly movement. The Merger Filing Fees Modernization Act will significantly strengthen antitrust law for the first time since 1976,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Big Tech, Big Ag, and Big Pharma spent extraordinary sums in an unprecedented effort to keep Congress from delivering on antitrust reform and undermine the ability of state and federal enforcers to uphold the law — and they lost. We’re particularly grateful for Senator Klobuchar and Congressman Cicilline’s historic leadership and success in building a bipartisan base of support for addressing monopoly power — work that we’re confident will continue in the next Congress.”

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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.