House Passes Antitrust Bill That Hikes M&A Fees, as Larger Efforts Targeting Tech Have Stalled

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House Passes Antitrust Bill That Hikes M&A Fees, as Larger Efforts Targeting Tech Have Stalled
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The bipartisan and straightforward measures still saw heated debate, signaling the hurdles that more sweeping legislation targeting tech will have to overcome.

Division persists

Despite the largely simple and bipartisan nature of the legislation, they still sparked infighting among GOP representatives shortly before the votes. Rep. Jim Jordan, R-Ohio, ranking member on the House Judiciary Committee, questioned why Congress should give an agency like the Federal Trade Commission a way to make more money when he believes it is run by a"woke radical" in Democratic Chair Lina Khan.

Rep. Ken Buck, R-Colo., the ranking member on the House Judiciary's antitrust subcommittee who has championed the antitrust reforms, pushed back on Jordan's critiques. After the House Judiciary Committee's GOP page tweeted that"Democrats want to set aside more money for the Biden FTC and DOJ to target conservatives," Buck tweeted back that last he checked, he and several other Republicans who have supported the measures are not Democrats.

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