Crain’s NY: Advocates push state antitrust overhaul as end of legislative session nears
A bill that would give New York some of the nation’s strictest antitrust laws is getting a late push in the final days of the state’s legislative session.
The 21st Century Anti-Trust Act—coming as some major tech firms face federal antitrust probes—received a vote of approval Thursday by the Senate’s rules committee. The vote took place the same day that a coalition of 15 labor and policy groups wrote a letter to state lawmakers calling for the passage of the proposed law.
The bill “would provide workers and small businesses with important new protections, putting New York at the vanguard of the national push to ensure that dominant corporations can’t use their power to unfairly drive down wages or block competitors from accessing markets,” said the letter, which was organized by the American Economic Liberties Project.
The new antitrust laws, as drafted by Sen. Michael Gianaris, the Democratic deputy majority leader, would adopt a looser definition of what constitutes market dominance and make it easier to sue companies that command a monopoly. A similar bill in the Assembly remains under committee review.
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