Press Releases

“Our antitrust laws serve important purposes, but federal regulators should not interfere with productive market forces absent evidence demonstrating a significant threat to consumer welfare. Based on the evidence presented at our Antitrust Subcommittee hearing, I am convinced that although significant in size this merger does not pose a threat to robust competition. I am pleased that the FTC’s extensive investigation corroborated my view and demonstrated that this transaction is unlikely to have adverse affects on the PBM and specialty drug markets or lead to the exercise of monopsony power over retail pharmacies, and that the merger may well lead

Today, Senator Mike Lee introduced legislation that would make much needed reforms to the nation’s Federal Reserve System. The Federal Reserve Modernization Act (FRMA) will focus the Fed’s mission on price stability, require better reporting and make the organization more transparent to Americans.

The Obama administration’s argument that the federal government can compel citizens to purchase health insurance did not appear to sway these five justices, and their questions to the Solicitor General suggested they look on the constitutionality of the individual mandate with great skepticism. It will be interesting to see how the justices respond to the ‘severability’ arguments tomorrow, which will determine whether some or all of the law is struck down. But there is little doubt that the individual mandate will not survive.