Friday, July 31, 2009

House panel advances antitrust measure

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The U.S. House Judiciary Subcommittee on Courts and Competition Policy on Thursday approved H.R. 233, the Railroad Antitrust Enforcement Act of 2009.

The bill  awaits consideration by the full Committee after  the August recess of Congress.

In the Senate, Commerce Committee Chairman John D. Rockefeller, IV (D-W.Va.) and Senator Herbert Kohl (D-Wisc.) are seeking to include the repeal of antitrust exemptions in a broader rail reform bill.

“This is an important step toward finally closing the railroad monopoly loopholes that have hurt American consumers, farmers, job growth, and our economy for too long,” said Glenn English, Chairman of Consumers United for Rail Equity.

English said the measure is now supported by the U.S. Assistant Attorney General for Antitrust, 20 state attorneys general, the American Bar Association, the National Industrial Transportation League, and the Consumer Federation of America.