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October 12, 2021

MSCI Signs Letter Asking Congress To Maintain Current Mergers, Acquisitions Framework

On October 5, the Metals Service Center Institute joined the U.S. Chamber of Commerce (USCC) and 19 other organizations to send a letter to the chairs and ranking members of the U.S. House and Senate Judiciary committees asking that Congress maintain the nation’s current legal and regulatory framework for evaluating mergers and acquisitions.

The letter argued that, for the past 40 years, a “bipartisan framework has enabled rigorous competition, particularly in comparison to other parts of the world, while providing the government with the legal tools necessary to challenge transactions that could harm consumers.” As a result, according to the letter, “the American economy has flourished, leading the world in innovation and value creation.”

Instead of altering current law, MSCI, the USCC, and the other organizations said lawmakers should provide additional resources for antitrust enforcement agencies and should ensure that the merger review process remains impartial. The letter noted, “Mergers and acquisitions play a vital role within our competitive economy. When companies choose to merge, that activity often adds to our economic vibrancy. Such activity can drive capital formation, enable lower prices for consumers, and lead to innovative new products and services — all without any harm to competition.”

Read the full letter here.

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