14 Sep 2020
Public Hearing: To discuss antitrust laws and issues, specifically, S8700/Gianaris - Twenty-First Century Antitrust Act
Virtual Public Hearing
Senate Standing Committee on Consumer Protection
Chair: Senator Kevin Thomas
Public Hearing: To discuss antitrust laws and issues, specifically, S8700/Gianaris - Twenty-First Century Antitrust Act, which update and expands current NYS antitrust laws to include unilateral action and/or practices that would create monopolies.
Place: Online; : https://www.nysenate.gov/events
Time: 10:00 A.M.
Contact: Jessica Persaud (518) 455-2718
Media Contact: Senate Majority Press Office (518) 455-2415
ORAL TESTIMONY BY INVITATION ONLY
Subject: The Twenty-First Century Antitrust Act (S.8700/Gianaris)
Purpose: To discuss antitrust laws and issues, as well as seek input on S.8700/Gianaris - the Twenty-First Century Antitrust Act, which updates and expands current New York State antitrust laws to include abuse of dominance and unilateral conduct that would create monopolies.
Antitrust laws were designed to promote a diverse economy by allowing for competition and preventing monopolies. However, in the growing field of technology, new antitrust issues are arising within marketplace monopolization, particularly with Big Tech companies. These companies operate platforms that allow consumers to engage with one another, but in addition to operating these platforms, they engage in commerce themselves. Their size allows them to dominate other retailers in the marketplace who are unable to compete. This form of bad behavior is known as the "abuse of dominance."
New York's antitrust statute, the Donnelly Act voids every contract or agreement that establishes a monopoly or restrains any competition or the free exercise of activity in the conduct of any business. It does not, however, cover abuse of dominance or unilateral actions committed by single actors, not party to a contract or agreement. This bill would update and expand New York's antitrust law to address modern day issues and provide conformity with certain aspects of federal law.
This hearing will explore emerging antitrust issues in the growing global technology market, including allegations of antitrust misconduct committed by Big Tech, and the need to expand and update the Donnelly Act to tackle such issues. The hearing will also explore the theory of abuse of dominance, including what conduct it applies to, how the theory has been utilized in European courts, and the theory’s application within the United States court system. Finally, the hearing will examine unilateral conduct that may be deemed anticompetitive and harmful to consumers, and the need to have such conduct captured and addressed in the Donnelly Act.
Persons wishing to present pertinent testimony to the Committee at the above hearing should complete and return the enclosed reply form as soon as possible. It is important that the reply form be fully completed and returned so that persons may be notified of means by which to testify and/or in the event of emergency postponement or cancellation.
Oral testimony will be limited to 5 minutes’ duration. The Committee will also accept written testimony. In preparing the order of witnesses, the Committee will attempt to accommodate individual requests to speak and to speak at particular times in view of special circumstances. These requests should be made on the attached reply form or communicated to Committee staff as early as possible. Those wishing to submit testimony/correspondence/information may do so through email to email@example.com.
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