Senators Propose Clarification of Antitrust Law to Expressly Cover Algorithmic Collusion — AI: The Washington Report

1. Following up on a December 2023 hearing on algorithmic price-fixing and self-preferencing, Chair of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights Amy Klobuchar (D-MN) introduced a bill entitled the Preventing Algorithmic Collusion Act. 2. Under the terms of this bill, a price-fixing agreement would be presumed “when direct competitors share competitively sensitive information through a pricing algorithm to raise prices.”…
By: Mintz – Antitrust Viewpoints