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Antitrust legislation imperils consumers and small businesses
Throughout 2021, Republicans and Democrats in the House and Senate have proposed numerous pieces of legislation that would alter U.S. antitrust law to punish online marketplaces for allegedly abusing their market dominance. While each piece of legislation has a differing likelihood of passing both chambers, they all ignore the benefits that online marketplaces provide to consumers, small businesses, and third-party sellers. Moreover, while limiting consumers’ online choices, these proposals also ignore how small businesses rely on major online platforms as essential sales channels to compete and reach customers. Congress is currently considering a slew of proposals that, if passed, would rewrite America’s antitrust laws to penalize online marketplaces. Sen. Amy KlobucharAmy KlobucharSunday…