Don't 'Radically Alter' Antitrust, Sen. Mike Lee Says
By Bryan Koenig (February 16, 2021, 6:35 PM EST) -- No longer atop the Senate's antitrust subcommittee, Utah's Mike Lee settled Tuesday into his new spot as the ranking Republican by calling for lawmakers to rein in the "corporatist nightmare" of online platforms' content moderation while avoiding calls to redirect competition law away from the prevailing consumer welfare standard.
Lawmakers should not "radically alter our antitrust enforcement regime in a manner that would undermine both the economy and Congress' legislative prerogative," Lee said in a statement that called for some reforms but also urged Washington to leave intact the consumer welfare standard, which assesses all potentially anticompetitive conduct by how it affects customers,...
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