Utah Congressman Jason Chaffetz responded today to the recent settlement of a long running anti-trust dispute between a coalition of retailers and credit card companies.
вЂњLast weekвЂ™s sweeping anti-trust settlement between retailers and credit card issuers demonstrates once again why the Courts, rather than Congress, are the appropriate venue for negotiating complex and far-reaching private sector disputes. В Interference by Congress to force price controls such as the Durbin Amendment, which was inserted into the 2010 Dodd Frank legislation, inevitably generate more conflict, more complexity and more uncertainty. В These disputes belong in the Courts, where the parties can draw upon the time, resources and expertise needed to navigate such issues. В With this decision, the major parties to the dispute are in agreement and each can now turn their attention to doing what they do best вЂ“ growing the economy.вЂќ