Sam Bowman on the Competition and Antitrust Law Enforcement Reform Act
Law360 – ICLE Director of Competition Policy Sam Bowman was quoted by Law360 in an article about the Competition and Antitrust Law Enforcement Reform Act, recently introduced by Sen. Amy Klobuchar (D-Minn.). You can read the full piece (behind a subscriber firewall) here.
Other groups, however, criticized Klobuchar’s proposal. Sam Bowman, director of competition policy for the International Center for Law and Economics, issued a statement calling the bill “legally and economically misguided.” Barring conduct that disadvantages competitors fundamentally misunderstands what competition does, he said.
“Nearly all business conduct that benefits consumers, like cutting prices or releasing an improved new product, ‘disadvantages’ competitors by forcing them to cut their prices or improve their products to compete,” Bowman said.