Press Releases
Lee and Klobuchar Statement on SABMiller Acquisition by Anheuser-Busch Inbev
Oct 14, 2015
WASHINGTON—Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, issued the following statements today regarding Anheuser-Busch Inbev’s proposal to purchase SABMiller for over $103 billion.
“The proposed acquisition of SABMiller by Anheuser-Busch Inbev announced today, if consummated, would rank among the five largest mergers in history and consolidate approximately 70 percent of the U.S. beer market,” Lee said. "A deal of this size and scope demands close scrutiny of its impact on competition. In addition to the thorough review I expect this deal to receive from the agencies, should the parties reach a final agreement, the Antitrust Subcommittee will also be looking closely into how the merger may affect consumers and the marketplace.”
“The U.S. beer market is a $100 billion a year industry and Anheuser-Busch Inbev’s proposed acquisition of SABMiller raises important antitrust concerns,” Klobuchar said. “The merger could have negative consequences for consumers, including increased cost, and could deprive our thriving craft and independent brewers of distribution channels critical for reaching retail customers. The Antitrust Subcommittee must provide oversight and examine this deal closely.”
“The proposed acquisition of SABMiller by Anheuser-Busch Inbev announced today, if consummated, would rank among the five largest mergers in history and consolidate approximately 70 percent of the U.S. beer market,” Lee said. "A deal of this size and scope demands close scrutiny of its impact on competition. In addition to the thorough review I expect this deal to receive from the agencies, should the parties reach a final agreement, the Antitrust Subcommittee will also be looking closely into how the merger may affect consumers and the marketplace.”
“The U.S. beer market is a $100 billion a year industry and Anheuser-Busch Inbev’s proposed acquisition of SABMiller raises important antitrust concerns,” Klobuchar said. “The merger could have negative consequences for consumers, including increased cost, and could deprive our thriving craft and independent brewers of distribution channels critical for reaching retail customers. The Antitrust Subcommittee must provide oversight and examine this deal closely.”
Senator Lee Responds to Suspension of Syrian Rebels Training Program
Oct 9, 2015
Lee, a member of the Senate Armed Serviced Committee (SASC), has been critical of this program since its inception and has closely monitored its implementation and results over the past year.
Lee Holds Hearing On SMARTER Act
Oct 7, 2015
Sen. Mike Lee (R-UT) chaired a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing today, examining the impact on the Standard Merger and Acquisition Reviews Through Equal Rules Act, or the SMARTER Act.
Lee, Manchin, Murphy, Udall Call for an End to the Failed Syria Train and Equip Program
Oct 2, 2015
WASHINGTON – U.S. Senators Mike Lee (R-UT) Joe Manchin (D-WV), Chris Murphy (D-CT), and Tom Udall (D-NM) sent a letter to U.S. Department of Defense Secretary Ash Carter, U.S. Department of State Secretary John Kerry and Central Intelligence Agency Director John Brennan urging them to end the Syria Train and Equip Program – an unsuccessful effort to train and equip Syrian opposition fighters – which has endangered Americans and further escalated conflict in the region.
