Congress Countdown: Competition/Antitrust Pivot

Here at Capital in Context, we do advent calendars a little differently. Starting today, we’re launching a new series we’re calling Congress Countdown—with the goal of giving you the rundown of what you can expect from the 118th Congress in specific issue areas. Watch for more topic areas in the coming weeks.

When it comes to competition and antitrust policy, we expect Congressional Republicans to shift from focusing on competition and antitrust concerns to censorship of conservative political speech and perceived “woke” behavior by corporate America.

Some level of Senate bipartisanship is likely to remain, where “Big Tech” antitrust bills are likely to be re-introduced in some form.

More aggressive action from the two antitrust agencies will challenge consolidation across industries and continue pursuit of lawsuits against Big Tech firms. 

Republicans will likely:

  • Increase oversight into DOJ’s Antitrust Division and the FTC.
  • Hold hearings aimed at tech companies-likely focused on speech and censorship issues.
  • Be less inclined to move expansive antitrust legislation and grant resources and authority to antitrust enforcement agencies.