By Brendan Sasso - 01/31/13 07:40 PM EST
Lee said he looks forward to remaining active on the subcommittee to ensure the antitrust laws are faithfully enforced.
"Antitrust enforcers must not pick winners and losers in the marketplace or interfere with private enterprise where robust market forces are present," Lee said. "But properly limited antitrust enforcement helps competition thrive and can forestall burdensome regulatory structures that impose great costs on our economy and society."
Antitrust regulators are particularly active in the technology industry. In 2011, the Justice Department sued to block AT&T's attempt to buy T-Mobile, and in 2012, the Justice Department required Verizon and a coalition of cable companies to agree to a set of concessions to complete their $3.9 billion deal.
After a yearlong investigation, the FTC earlier this month cleared Google of antitrust charges over favoring its own services in search results.
Also on Thursday, the Judiciary Committee announced that Sen. Al FrankenAl FrankenLiberal hypocrisy on the free exchange of ideas Winners and losers of the Dem convention Party unity overcomes chaos...and the Bernie-or-Bust crowd MORE (D-Minn.) will stay on as chairman of the Privacy, Technology and the Law Subcommittee, with freshman Sen. Jeff FlakeJeff FlakeTrump haunts McCain's reelection fight Flake advises GOP candidates: 'Distance yourself from Trump' Pence earns GOP raves in first month as Trump VP MORE (R-Ariz.) as the top Republican.
Franken is expected to push legislation that would require companies to get a customers' consent before collecting or sharing their mobile location data.
Sen. Dick DurbinDick DurbinTrump poised to betray primary supporters on immigration Dem wants hearing on EpiPen price hikes Legislators privacy fight coincides with FCC complaint MORE (D-Ill.) will remain as chairman of the Constitution, Civil Rights and Human Rights Subcommittee, and freshman Sen. Ted CruzTed CruzTrump attacking immigration issue openly and honestly Election 2016: A choice between Goldfinger and Darth Vader Would internet transition have an impact on current US election? MORE (R-Texas) will serve as the ranking member.