Antitrust laws would harm US startups, slow the economy

The United States is the land of opportunity, where anyone with an idea can bring it to market. This philosophy has fueled the growth and prosperity of America and made the U.S. the global leader of innovation.

America’s economic success is being threatened by proposals in Congress that will make creating a new business less attractive.

Proposed changes to the existing framework of merger and acquisition law would handcuff successful businesses in every industry.

By fundamentally altering antitrust laws, Congress will punish American businesses by taking away incentives for entrepreneurs and investors.

Those great ideas and investment dollars, along with the jobs they create, will go elsewhere, including to our foreign competitors, where the proposed antitrust laws will not apply.

With the U.S. share of global venture capital investment falling more than 30 percentage points in the past 15 years, enacting these policies will only exacerbate the problem and push investment outside the United States.