U.S. Senate Judiciary Committee Discusses Anti-Competitiveness of ‘Most Favored Nation’ Clauses - BodyShop Business

U.S. Senate Judiciary Committee Discusses Anti-Competitiveness of ‘Most Favored Nation’ Clauses

The U.S. Senate Subcommittee on Antitrust, Competition Policy & Consumer Rights held a hearing on “Oversight of the Enforcement of the Antitrust Laws.”

The U.S. Senate Subcommittee on Antitrust, Competition Policy & Consumer Rights held a hearing on “Oversight of the Enforcement of the Antitrust Laws.”

U.S. Sen. Richard Blumenthal (D-CT) questioned Joseph Simmons, chairman of the Federal Trade Commission, and Makan Delrahim, assistant attorney general at the Antitrust Division at the U.S. Department of Justice, about the anti-competitive nature surrounding Most Favored Nation (MFN) clauses.

Sen. Blumenthal, in his series of questioning, specifically highlighted Amazon’s use of MFN stating that “a dominant internet platform can both raise prices to consumers and prevent entry and stop competitors.” Sen. Blumenthal, this past year and in the 115th Congress, wrote to both the FTC and Delrahim to investigate Amazon’s use of MFN clauses.

MFN clauses, when used by a dominant buyer of goods, raise other buyers’ costs or foreclose would-be competitors from accessing the market. Collision repair facilities have raised issue with insurer-repairer DRP agreements and the use of MFN clauses. For a majority of collision repairers, not participating in insurer DRPs is not an option and the anti-competitive nature of these clauses poses as a disadvantage to small businesses and consumers.

ASA supports the elimination of MFN clauses in direct repair agreements.

You May Also Like

Automotive Parts Associates to Host Annual General Meeting

APA will be hosting its 2024 Annual General Meeting March 26-28, 2024 at the Grand Hyatt San Antonio River Walk in San Antonio, Texas.

Automotive Parts Associates (APA) announced it will be hosting its 2024 Annual General Meeting March 26-28, 2024 at the Grand Hyatt San Antonio River Walk in San Antonio, Texas.

Every year, shareholders of APA, members of TruStar and supplier partners gather to mix, mingle and network with one another. The event kicks off with a group welcome reception and "date night," where a supplier takes a shareholder or member to dinner. From group breakfasts, lunches and dinners to shareholder and member one-on-one sessions with suppliers, there will be ample time to make connections and discuss business. On the final night, there will be a special awards dinner at the Buckhorn Saloon & Museum.

Auto Care Association Launches REPAIR Act Video Campaign

In the new campaign, shop owners from across the U.S. share their stories on the increased challenges independent repair shops are facing with accessing repair data to service their customers’ vehicles.

AkzoNobel Using 100% Renewable Electricity in Latin America

The milestone — reached late last year — follows similar achievements in North America and Europe.

AASP/NJ Mourns Loss of Board Member Sam Mikhail

Mikhail was an AASP/NJ Hall of Famer and served on the AASP/NJ board for decades.

Auggie Calibrations Meet EURO NCAP Standards

AirPro Diagnostics announced that the Auggie mobile static calibration device has now met the EURO NCAP safety standard.

Other Posts

SCRS Announces Podium as Newest Corporate Member

Podium provide solutions that allow collision repair centers to capitalize on messaging, customer feedback, online reviews, selling products and requesting payments.

Jerry’s Abra Sponsors Uniforms for South Central College

Auto body students at the college in North Mankato, Minn., will now have the proper attire to wear to class.

LKQ FinishMaster, CREF Announce 5th Annual Hood Master Challenge

The 5th Annual Hood Master challenge event will take place Aug. 29, 2024 in Nashville, Tenn.

U.S. House Holds Hearing on EV Fires

The hearing dealt in part with concern for auto repair technicians and their need for training.