WASHINGTON, May 19 /PRNewswire-USNewswire/ -- Tod Cohen, Vice President and Deputy General Counsel for Government Relations at eBay Inc., made the following statement today after testifying before the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, at a hearing titled "The Discount Pricing Consumer Protection Act: Do We Need to Restore the Ban on Vertical Price Fixing?": "Retail price-fixing, as allowed for in the Supreme Court's Leegin decision, is anti-competitive, and is hurting small businesses and consumers. We urge Congress to counteract these harms by passing The Discount Pricing Consumer Protection Act.
"The efficiencies and consumer benefits of the open Internet and open competition are immense. Because of the Leegin decision, large manufacturers and their biggest retail partners are able to use price-fixing to curtail Internet and small business based competition. These established players are threatened by innovative online businesses, such as eBay sellers, that offer consumers better prices, more options and new services.
"During difficult economic times, consumers should not be denied the choice and value that robust small business competition provides. Congress should act now to reverse the Leegin decision by enacting S.148 to protect consumers and retail innovators from retail price-fixing." About eBay Inc.
Founded in 1995, eBay Inc. (NASDAQ:EBAY) connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.
eBay Contact: Taj Meadows 805.453.1141 DATASOURCE: eBay Inc.
CONTACT: Taj Meadows, +1-805-453-1141, for eBay
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