Professor Zephyr Teachout testified at the House Antitrust Subcommittee hearing titled Proposals to Strengthen the Antitrust Laws and Restore Competition Online. Professor Teachout’s testimony was referenced in an article in ProMarket, a publication from the Stigler Center at the University of Chicago Booth School of Business.
On Thursday, the House Antitrust Subcommittee held a hearing titled Proposals to Strengthen the Antitrust Laws and Restore Competition Online. Because the subcommittee’s highly anticipated report is expected to be released next week, the practical impact of this hearing on the subcommittee’s recommendations is limited. The hearing was important, however, as it yielded clues as to what remedies will be embraced by the subcommittee, and, of those, which ones will garner bipartisan support.
Zephyr Teachout, a professor at Fordham’s School of Law, explained that the FTC could engage in rule-making, that there are multiple levers of enforcement, and that the role of qui tam provisions and private rights of action to overcome capture and corruption of the enforcement agencies.