U.S. House Report: Antitrust Law Threatens U.S. Competitiveness and National Security

WASHINGTON DC –According to a new report from the US Chamber of Commerce, antitrust legislation would weaken the ability of US tech companies to compete in the global marketplace and undermine our national security interests.

The report, “US Antitrust Legislative Proposals: A Global Perspective,” provides a comparative assessment of approaches to innovation policy in the United States, China, and the European Union, and describes how current antitrust proposals in the United States States would put American companies at a distinct disadvantage. .

“Today, American companies dominate the world because they have the freedom to invest, innovate, evolve and compete. This freedom would be significantly restricted by proposed changes to our antitrust laws,” U.S. House Executive Vice President and Policy Director Neil Bradley said, “This legislation would hamper the ability of U.S. businesses to compete in the global marketplace while giving the upper hand to our foreign competitors.” is the definition of self-destruction.”

The United States is in a race against China and other major world powers to develop and deploy future technologies such as artificial intelligence, quantum computing and semiconductors.

According to the report, China is pursuing a comprehensive regulatory agenda to dominate future technologies while constraining American companies. Chinese companies are heavily subsidized and state-owned companies are mostly exempt from the anti-monopoly law. Chinese tech giants operate in a protected domestic environment isolated from foreign competition and are encouraged to expand aggressively into overseas markets.

In Europe, the EU is pursuing a path of “technological sovereignty” through a series of industrial policies – including the Digital Markets Act, the AI ​​Act, the Data Act and the Gaia-X project to create a “European” cloud – which are designed to boost European technology companies and potentially limit the success of American companies.

As China and the EU aggressively pursue industrial policies to secure their own dominance, US lawmakers are considering antitrust proposals that would cripple US companies.

The report details how proposed U.S. antitrust legislation could require companies to provide competitors with equal access to their platform; ask them to share user data with other companies; prevent them from making certain new acquisitions or investments; and could even split them into smaller companies, which means less money for cutting-edge research and development and less American technology leadership.

Bradley concluded, “Instead of rewriting antitrust law to punish American corporations, the U.S. government should instead focus on vigorous enforcement of the current law and on vocal opposition and effective fight against foreign regimes that unfairly target corporate interests.” American companies”.

To read the full report, visit uschamber.com/antitrust.

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