Washington, D.C. – House Judiciary Committee Chairman Bob Goodlatte (R-Va.) today delivered the following remarks during the Regulatory Reform, Commercial, and Antitrust Law Subcommittee hearing on “Recent Trends in International Antitrust Enforcement.”
Chairman Goodlatte: The Judiciary Committee routinely exercises its oversight authority to ensure that our nation’s antitrust laws are applied in a manner that is transparent, fair, predictable, and reasonably stable over time. A natural extension of this oversight is ensuring that our nation’s companies and citizens receive comparable treatment in foreign jurisdictions.
As commerce becomes an increasingly global enterprise, the manner in which antitrust and competition laws are applied to companies and citizens located or engaged in business outside of the United States also grows in importance.
Over the past several years, reports have surfaced that certain jurisdictions are deploying their antitrust and competition laws in manners that strain the boundaries of due process, focus on advancing domestic industrial policies, or seek to extract valuable American innovations without fair compensation.
I would like to thank Chairman Marino for holding today’s hearing to delve into these potentially serious abuses and address potential solutions. Today’s testimony will help the Committee gain a better understanding of the seriousness of these issues and how they might be addressed. Furthermore, it will provide a record regarding how the administration and our executive agencies, including our antitrust enforcement agencies, can coordinate among each other and engage with foreign countries on international competition law enforcement.
This hearing also serves as a reminder that the United States should be a leader in fair and reasonable antitrust enforcement. To that end, enacting important antitrust reforms, such as the SMARTER Act, will help to ensure that the U.S. continues to be an example to international competition law authorities.
I look forward to hearing from today’s excellent panel of expert witnesses on these important issues, and yield back the balance of my time.