Press Releases
Senator Lee Commends FTC’s Careful Analysis
Apr 2, 2012
“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 to lower prices for PBM services.”
Lee Introduces the Federal Reserve Modernization Act
Mar 29, 2012
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.
Lee Reacts to Oral Argument on Individual Mandate
Mar 27, 2012
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.
Senators Unveil Bipartisan Proposal to Boost Economy by Cutting Through Red Tape that has Hurt International Travel to U.S.
Mar 26, 2012
With the economy just starting to turn the corner, a bipartisan group of senators unveiled a new proposal Monday that will boost the U.S. economy and create jobs by jumpstarting international travel to the United States. The legislation—named the Jobs Originated through Launching Travel (“JOLT”) Act—will reform outdated visa laws to cut through red tape that has caused a lag in foreign travel to the U.S.
