Merger Filing Fee Modernization Act of 2022

Floor Speech

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Mr. JONES. Mr. Speaker, I thank the chairman for his leadership.

This bill really should be uncontroversial. But, unfortunately, our Nation's largest tech companies don't want any changes to the status quo. They are content with little to no antitrust enforcement. They are content with their own Gilded Age.

I regret, deeply regret, that some of my colleagues have agreed to do their bidding. It is consumers and small business owners who are paying the price in an economy that increasingly only works for large corporations and for the ultra-wealthy.

Our antitrust enforcement system is beyond outdated. The last time Congress updated the merger filing fees was in 2001, long before companies like Amazon, Facebook, and Apple began their anticompetitive and monopolistic frenzy of acquisitions.

This bill updates those filing fees and ensures that our antitrust agencies have the resources they need to effectively combat the growing concentration and monopolization of our economy in the hands of the largest corporations.

I urge my colleagues to stand up to Big Tech and our largest corporations and to vote for this bill.

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