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MLex Market Insight

Bidens Antitrust Revamp May Face Congressional Pushback; U and UK clash over Northern Ireland

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 19 March 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Although Democrats now have a majority in both houses of the US Congress, the Biden administration may still struggle to have its ambitious plans for an antitrust revamp adopted. Meanwhile, the EU is preparing a legal battle with the UK over one of the most controversial aspects of Brexit: the trade status of Northern Ireland.

Transcript

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0:00.0

Hello, welcome to Emlex's weekly podcast covering the most pressing issues in regulatory affairs

0:16.4

with the assistance of our team of reporters around the world. My name is James Panicki from

0:21.2

Emlex's Asia-Pacific team. Thanks for your company. Now, there are those who had assumed

0:26.6

that with Democrats been able to muster an absolute majority in both houses of the US Congress,

0:32.8

the Biden administration would proceed with an ambitious play to overhaul antitrust laws.

0:39.0

Well, not so fast.

0:40.8

Dave Pereira from our DC team is reminding us that having a majority in the House of Representatives

0:46.8

and a slim majority in the Senate might not be enough to push through those antitrust changes.

0:53.3

And then we'll cross to London for an update on one of the most controversial Brexit issues around the status of Northern Ireland.

1:00.0

We'll get to that story in just over 10 minutes from now.

1:04.0

First up though, to the US.

1:06.0

Dave Pereira is an M-lex correspondent in Washington, D.C.,

1:10.0

and he covers tech issues from the

1:12.4

U.S. Capitol, and I'm pleased to say that he is with us now.

1:17.1

Okay, Dave, when Democrats captured the Senate after the U.S. national cycle ended in January,

1:23.9

they were quick to promise a big, bold agenda.

1:30.6

Why were they so confident in making that promise?

1:38.5

So they were confident because for the first time in a long time, in about a decade,

1:42.6

Democrats had a unified control over the federal government.

1:45.8

That's to say that they had control of both chambers of Congress, the House and the Senate, as well as the presidency. And unified governments in

1:52.5

American politics are historically fertile times for regulation because the threshold for getting

2:00.0

things through Congress is obviously a lot

...

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