The Biden administration is out of power but its antitrust agenda could live on in New York.
Companies that abuse their market position would face liability under a bill to update the state’s century-old antitrust law. Amazon.com Inc. is a particular concern, said state Senate Deputy Majority Leader Michael Gianaris (D), a longtime critic of the company who introduced the legislation (S.B. 335).
The bill echoes efforts by Biden leaders such as former Federal Trade Commission Chair Lina Khan to attack rising corporate consolidation and expand enforcement to help workers and small retailers. Businesses and groups representing them in Albany argue the measure could drive them out of the state, but supporters say New York must act with Trump back in the White House.
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