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Wednesday, 02 May 2007 11:15

Antitrust Modernization Commission releases report on U.S. antitrust laws

    After three years, the Antitrust Modernization Commission (AMC) has released its report on U.S. antitrust laws to President George W. Bush and the U.S. Congress.
    The AMC was created by Congress to provide a complete and extensive report on whether antitrust laws in the United States need to be modernized. This report incorporates a variety of testimony and views from various parties associated with the function of antitrust laws.
    The Commission consists of 12 bipartisan members. Of the 12 members, four were commissioned by the president, four appointed by Senate leaders, and four by the House of Representatives.
    “The AMC report addresses current exemptions from U.S. antitrust laws. The timing of the report is in line with Congress’ consideration of the repeal of the McCarran-Ferguson Act,” said Bob Redding, ASA’s Washington, D.C., representative.
    The Automotive Service Association (ASA) was a strong advocate for the creation of the AMC and worked with the U.S. House of Representatives Judiciary Committee in support of the legislation establishing the Commission.