TikTok ban on government devices and higher fees for big mergers included in spending bill passed by Congress
"Passing the bipartisan INFORM Act would be a major victory for consumers, who deserve to know who they're buying from when they visit an online marketplace," Kovacevich said in a statement. "This legislation has been through years of hearings and markups and has earned the support of both parties as well as brick and mortar stores and online marketplaces."
While it fell short of antitrust advocates' hopes, the inclusion of the merger filing fee bill still gained praise. Sen. Amy Klobuchar, D-Minn., who sponsored the bill, said in a statement earlier this week its inclusion "is an important step to restructure merger fees after decades of the status quo so we can provide our antitrust enforcers with the resources they need to do their jobs."
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