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 FrankenWhy Kaine is the right choice for Clinton Liberals press Clinton not to pick Kaine for VP Franken: Convention 'ugliest' I've seen MORE (D-Minn.) will stay on as chairman of the Privacy, Technology and the Law Subcommittee, with freshman Sen. Jeff FlakeJeff FlakeVulnerable GOP senators praise Kaine GOP Sen. Flake offers Trump rare praise Booker denounces ‘lock her up' chants 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 DurbinOpioid package clears key Senate hurdle Overnight Healthcare: Feds defend ObamaCare's affordability DNC chief spared in Sanders-Clinton talks: report MORE (D-Ill.) will remain as chairman of the Constitution, Civil Rights and Human Rights Subcommittee, and freshman Sen. Ted CruzTed CruzWalker jabs at Kasich for snubbing GOP convention Trump: Cruz is 'lucky' that I walked in on his speech Kasich leaves door open to Trump endorsement MORE (R-Texas) will serve as the ranking member.