In the year 2020, we saw renewed attention in antitrust in the United States. Senator Amy Klobuchar introduced a sweeping bill to strengthen prohibitions against anticompetitive mergers and prevent harmful dominant firm conduct. There was an increase concern regarding the harmful effects of the acquisitions of nascent competitors. The House Judiciary Committee investigated competition in digital markets, which culminated in the first-ever virtual hearing with the CEOs of some of the world’s most valuable technology companies.
While the appropriate antitrust regulation of large corporations has been debated since the days of Standard Oil Company, in 2020, Democrats and Republicans aligned in their demand for greater enforcement of the nation’s antitrust laws and greater resources to combat antitrust offenses.