Senator Warren Urges Regulators To Break Up Sector Concentration

Senator Elizabeth Warren (D-MA) asserted that sector consolidation and concentration have become challenges to market competition. She recommended numerous solutions to what she called a "concentration problem."

Senator Warren summarized past situations in which concentration has resulted in less competition, fewer consumer choices and an increase in undivided political power. In order to minimize concentration, Senator Warren asserted, the U.S. Department of Justice and the Federal Trade Commission must "reinvigorate antitrust law" by doing the following:

• "holding the line on anticompetitive mergers" by refusing mergers that raise "fundamental antitrust concerns," instead of allowing the mergers to go forward if certain conditions are met;