05/27/2026 | Press release | Distributed by Public on 05/27/2026 17:58
For Immediate Release
Contact: John Myers
[email protected] | [email protected]
(May 27, 2026) Sacramento, CA - The California Chamber of Commerce today issued the following statement in response to the state Assembly's approval of AB 1776 (Aguiar-Curry; D-Winters), a bill to rewrite the state's antitrust law:
"We are disappointed that the Assembly has chosen to move ahead with AB 1776, a bill that would upend some 130 years of durable and fair antitrust protections while exposing California businesses of all sizes to unchecked legal liabilities and a steady stream of frivolous lawsuits.
"AB 1776 fails one of the basic tests of any good bill: It offers no clear, objective standard on how a business can comply with the law. Far too many provisions of the bill rely on subjective standards that can only be defined through litigation - a crippling cost for businesses that are the heart and soul of California's innovation economy.
"Without objective standards, AB 1776 will create a chill to the pro-competition conduct of startup firms and the service providers on whom they rely.
"The late amendments to the bill have not offered any meaningful rules about how a business can structure its conduct to avoid participating in an unlawful single-firm restraint of trade.
"We welcome conversations with legislators in the coming weeks about ways to ensure California antitrust law requires the kind of competition on which consumers rely. AB 1776, however, fails to meet that goal."