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US FTC's Meador says targeted antitrust enforcement is answer to misguided regulation

( June 24, 2025, 22:48 GMT | Official Statement) -- MLex Summary: US Federal Trade Commissioner Mark Meador warned US lawmakers about "misguided regulation," saying that when dominant firms request top-down regulation, "they’re requesting that you, the U.S. Congress, erect new barriers to competition that didn’t already exist." Meador, who was testifying at a US Senate antitrust subcommittee hearing, said "The picture gets even bleaker than that. Bad-faith requests for regulation are, in many cases, an attempt by incumbents to avoid the discipline of the marketplace and sidestep having to compete on the merits. When dominant firms call for regulation, it is often because genuine competition has already been suppressed." The answer to misguided regulation is twofold: targeted consumer protection enforcement when companies harm consumers directly, and targeted antitrust enforcement in the event companies behave anticompetitively, he said.See attached document....

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