Lawmakers form new ‘Monopoly Busters Caucus'
WASHINGTON (NEXSTAR) – A group of lawmakers have come together to flip the board on an economy they say is controlled by monopolies, where a few major players control everything from groceries to health care, while everyday Americans struggle just to pass 'go.' The caucus is pushing for tougher enforcement and economic reform to protect families.
'The fact that these companies have a corporate monopoly is un-American,' said Rep. Pat Ryan (D-N.Y.).
New York Democratic Congressman Pat Ryan is sounding the alarm on major companies taking over businesses in his home state.
'We're talking about the growing consolidation of corporate power in a bunch of parts of people's lives, which is making life that's already tough enough, that's making it essentially unaffordable for folks in my district,' said Ryan.
Ryan and other Democrats joined together to form the Monopoly Busters Caucus.
'Monopoly power, this out-of-control corporate power, has been killing the American dream,' said Rep. Chris Deluzio (D-Pa.).
Pennsylvania Democratic Congressman Chris Deluzio said these corporations have impacted the price of housing, gas, groceries, healthcare and pharmaceuticals.
'The same corporation might own a pharmacy, an insurer, a provider and a PBM. Have every incentive to rip people off to hurt small businesses like pharmacies, to make it harder for Americans across this country to get the medicine they need,' said Deluzio.
Deluzio says too many in Washington aren't pushing back against these companies, as the economy weighs down on everyday Americans.
'Too long, too many down here turned a blind eye to this corporate power,' said Deluzio.
Over at the White House, the president signed an executive order to ensure regulations don't block new businesses from competing in the market.
Deluzio and Ryan are urging their Republican colleagues in Congress to join them on this issue.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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