To Address Growing Corporate Power, the House Must Pass the Merger Filing Fee Modernization Act

September 27, 2022 Press Release

Washington, D.C. — The American Economic Liberties Project released the following statement ahead of a House vote this week on the Merger Filing Fee Modernization Act of 2022.

“It’s time Congress gets serious about addressing monopoly power,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “This is simple, bipartisan legislation to strengthen antitrust enforcement. It stops monopolists from moving antitrust cases to friendly courts, rolls back Chinese influence over American firms, and provides desperately needed resources to the Department of Justice’s Antitrust Division, which currently cannot afford to properly staff the agency. This package has been approved by all the relevant committees, was passed unanimously by the Senate, and is supported by nearly every state attorney general. The House should act quickly to pass it this week.”

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.