SIIA Joins Coalition as DOJ, FTC Update Merger Guidelines
This diverse coalition of organizations responds to request for information on merger enforcement.
SIIA joins the US Chamber of Commerce, the Business Roundtable, BIO, the Motion Picture Association and other leading organizations representing the diverse U.S. economy with comments in response to information on Merger Enforcement.
While we appreciate the RFI, we question many of its assumptions. Through the RFI, the agencies suggest that most mergers harm competition and that the agencies can revisit foundational issues of antitrust law through revising the guidelines. In these respects, the RFI is misguided. We would urge the agencies to abandon an unconstrained approach to merger law. Instead, as before, the agencies should update the guidelines – not rewrite them — in an incremental fashion to build on their long and successful record of informing the courts, agencies, and business community.
This powerful letter to the U.S. Department of Justice’s Antitrust Division and Federal Trade Commission can be read here.