Washington, D.C. — The American Economic Liberties Project released the following statement following the New York Senate’s passage of the 21st Century Antitrust Act.

“The New York Senate took a huge step today to protect local businesses and workers from the abusive tactics of dominant corporations,” said Pat Garofalo, Director of State and Local Policy at the American Economic Liberties Project. “The 21st Century Antitrust Act is a desperately needed reform that would rein in many of the abusive tactics corporations use to harm smaller businesses, but that are difficult to police under current federal and state antitrust law. It also explicitly protects workers from corporations using their power to monopolize labor markets and drive down wages. It’s supported by millions of New York workers and local businesses.”

“We thank Sen. Gianaris for his stalwart support of this legislation, and urge the New York Assembly to pass it swiftly and send it to Gov. Hochul. We also urge more states to join in the broader movement to reform outdated and ineffective antitrust laws,” added Garofalo.

Read Economic Liberties’ memo of support for the 21st Century Antitrust Act here.

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.