The Justice Department and Federal Trade Commission announced they're seeking public input to create new guidelines for when businesses can legally work together with competitors. The move comes as more companies use data services that help with pricing decisions.
Federal antitrust officials announced Monday they will launch a public review process to develop updated rules governing when companies can legally cooperate with their competitors, according to a senior Justice Department spokesperson.
The initiative comes at a time when more businesses are turning to third-party services that collect industry-wide data and provide pricing recommendations to clients. Officials from both enforcement agencies are requesting public feedback on which emerging business practices and technologies should be covered in the new guidance.
The agencies had previously operated under guidelines established in 2000, but those rules were scrapped in December 2024 during the final weeks of President Joe Biden’s term after regulators determined they no longer reflected current market conditions.
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