@MonopolyBusters Chairs on @JusticeATR waving through Paramount-Warner:
"This antitrust nightmare is exactly the kind of corporate power grab our laws were written to stop. The Trump administration has made it clear whose side it’s on and it’s not yours." Full statement below.
The Live Nation-Ticketmaster merger monopolized live events, making it harder for all Americans to see their favorite band or singer.
Here’s the facts about how Trump pressured the DOJ to settle a lawsuit against their anti-competitive practices.
Trump said it himself: He doesn’t think about Americans’ financial situation.
Whether it’s grocery prices or ticket sales, this administration is letting monopolies run unchecked — meaning prices go up for you.
“Stay to play” schemes should be illegal—they ripoff families with kids on youth sports travel teams, forcing them to overpay for hotels. My bill will ban it.
Live Nation/Ticketmaster has been ripping off customers and consolidating the ticket market for too long. We’re holding them accountable and fighting back against this corruption and consolidation.
TUNE IN LIVE: https://t.co/Syo4asCnB9
We know the ~50% rise in youth sports costs over the last 5 years didn’t come out of nowhere: private equity rolled up sports to squeeze kids and families for every dollar they could. The Let Kids Play Act is simple: it goes right after the vulture investors and their practices pricing families out.
Team sports are supposed to be the first place our kids learn teamwork, discipline, and community.
Instead, it’s become a cash grab for Wall Street investors to make another buck while our kids miss out on this fundamental part of American childhood.
It’s outrageous.
This week I introduced the Let Kids Play Act with @RepDeluzio to get private equity out of youth sports.
It's simple - kids sports should be about kids and what's best for them, not jacking up costs to make money for investors.
"We see big money vultures that have turned youth sports into a luxury item. It prices families out. It makes it a ripoff," says @RepDeluzio.
"We are introducing the Let Kids Play Act to ban private equity from youth sports."
For years, massive private equity firms have been deliberately inflating the cost of youth sports – raising costs for parents and effectively barring low-income kids from participating.
Parents are already buckling under the sky-high cost of raising a family. The last thing they need is a private equity firm taking over their kids’ hockey league.
Today, I stood with members of the @MonopolyBusters to send that message loud and push for our new legislation to keep private equity out of youth sports.
Americans are getting nickel-and-dimed by greedy corporations in almost every purchase they make – and even in kids’ sports.
I’m supporting the Let Kids Play Act to get the private equity and corporate investors that are driving up costs out of kids' sports, and ensure that ALL kids can play.
Kids' sports should be for every kid who wants to play—but private equity has been driving up costs and turning youth sports into a luxury item. @ChrisMurphyCT and I have a bill to stop these vultures from ripping off families across America: https://t.co/OZtVDyncID
For too long, massive health insurance companies have been allowed to exploit patients while raking in record profits. That stops now.
My bill with @RepPatRyanNY will finally penalize health insurers for sky-high denial rates and put money back into Minnesotans’ pockets. It’s time to hold Big Insurance accountable and make health care affordable again.
https://t.co/g9K9LLlzoK
With the Patient Refunds for Bad Denials Act, we’re making sure insurers can’t keep lining their pockets at your expense – because nobody should struggle to afford high quality care while billionaires in boardrooms get richer.
Read more: https://t.co/7Bx0Ffxquu
My bill with @RepAngieCraig fines insurance companies for their wrongful claim denial rates and returns hard-earned money back to patients across the Hudson Valley.
For too long, massive insurance companies have been allowed to exploit patients and deny coverage for life-saving care, all while raking in record-breaking profits.
It’s a fundamental abuse of their power – this legislation finally holds greedy insurance companies accountable.
AI is denying and delaying medical care — causing Americans across the country to get sicker.
I’m co-leading the Stop Deadly Denials Act to ensure corporate insurers and AI models don’t deny care to those who need it when they need it. https://t.co/PeBAysfeDX
More money has been invested in AI infrastructure than the Manhattan Project and the Apollo program combined.
It is a risky bet and could devastate our economy on a scale similar to the 2008 financial crisis.
We are quickly betting our entire economy on a handful of AI companies and models.
The rise of AI comes with incredible risk to both our economy and people’s lives, and we must ensure it’s being implemented with proper guardrails.