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 FrankenA guide to the committees: Senate Pruitt confirmation sets stage for Trump EPA assault AT&T, Time Warner defend deal MORE (D-Minn.) will stay on as chairman of the Privacy, Technology and the Law Subcommittee, with freshman Sen. Jeff FlakeJeff FlakeA guide to the committees: Senate GOP sets sights on internet privacy rules Overnight Tech: GOP chairman to propose high-skilled visa overhaul | Zuckerberg's 5,700 word letter | Tech lobbies gear up ahead of internet fight 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 DurbinA guide to the committees: Senate McConnell: I’m very sympathetic to 'Dreamers' Senate Dems move to nix Trump's deportation order MORE (D-Ill.) will remain as chairman of the Constitution, Civil Rights and Human Rights Subcommittee, and freshman Sen. Ted CruzTed CruzA guide to the committees: Senate Trump wants to cut red tape? He should start with the CFPB. Why President Trump should choose Maureen Ohlhausen to lead the FTC MORE (R-Texas) will serve as the ranking member.