Hawley Introduces Bill Banning Buys by Dominant Companies

Sen. Josh Hawley, R-Mo., introduced legislation Monday that would ban “all mergers and acquisitions by companies with market capitalization exceeding $100 billion.” The Trust-Busting for the Twenty-First Century Act would allow the FTC to designate “dominant digital firms” in prohibiting such companies from buying potential competitors. It would alter the Sherman and Clayton acts to “make clear that direct evidence of anticompetitive conduct is sufficient to support an antitrust claim.”