Latest / Fort Wayne News Today | 2 Min News | The Daily News Now!
AB 1776 Could Cost California $670B | Fort Wayne News
A new report warns that California’s proposed AB 1776, the COMPETE Act, could cost the state $670 billion in lost economic activity and nearly $9 billion in tax revenue over ten years. While supporters claim it clarifies antitrust law, critics—including major businesses and economists—argue it’s a dangerous shift that could flood courts with lawsuits, undermine federal precedent, and cripple the startup ecosystem. The bill would allow single firms to be sued for antitrust violations and force the state to shoulder legal costs without federal alignment, risking budget strain and deterring…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.