Monday, May 21, 2007

Conyers doesn't want to repeal R-P

While John Conyers, the chair of the House Judiciary Committee, was polite about the Antitrust Modernization Commission when they presented their findings to the committee recently, it doesn't appear that he was in the least impressed with their recommendation that the Robinson-Patman Act be repealed:
Other recommendations, such as repeal of the Robinson-Patman Act, I am skeptical of ...

In its recommendations, the AMC suggests repeal of Robinson-Patman, claiming that it is not performing its intended function and that it conflicts with the goals of modern antitrust law. I am not in full agreement with the AMC on this point. Admittedly, the Act has its flaws; it is structurally complex and hard to administer, and it is not often used as an enforcement tool. But these problems don’t mean we should repeal the law altogether. Instead of repealing the Act, I believe we should be finding ways to make it work.
This is in line with my prediction six or so weeks ago.

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