New York State Legislature Considers Far-Reaching Antitrust Reforms with 21st Century Antitrust Act | Wilson Sonsini Goodrich & Rosati jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
State governments all across the country are looking for new and innovative ways to address America’s crisis of corporate concentration, particularly when it comes to the power wielded by Big Tech firms such as Amazon, Google, Apple and Facebook. New York, though, took the most significant positive step of them all this week when the state Senate approved the 21st Century Antitrust Act, proposed by Sen. Michael Gianaris.
To print this article, all you need is to be registered or login on Mondaq.com.
Although much attention recently has been focused upon debates
in Congress, potential legislative changes to U.S. antitrust law
are not limited to
proposals at the federal level. Many states are considering
changes to their own antitrust laws, which usually can be enforced
by state attorneys general and private plaintiffs. Importantly, New
York legislators have introduced two bills that propose sweeping
changes to the State s antitrust law, the Donnelly Act,
building on measures introduced
in New York s last legislative session.
These proposals, if enacted, would make New York s single