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Two congressmen suggest Amazon's acquisition of Whole Foods doesn't violate antitrust laws

Rep. Darrell Issa
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Rep. Darrell Issa

Amazon's acquisition of Whole Foods does not violate antitrust laws, two congressmen suggested on CNBC's "Power Lunch" Wednesday.

Rep. Jared Polis, a Democrat from Colorado, dismissed the idea that Democrats want to hold hearings on the deal, because as the minority party they don't control that decision.

"Of course I think both Democrats and Republicans believe in antitrust, and they also believe with the development of new technologies we should update what antitrust means in a digital era," Polis said.

Rep. Darrell Issa, a Republican from California, echoed Polis. He said antitrust laws are in place to ensure there aren't barriers to entry, and that Amazon is "still a relatively small player" in the grocery market. Plus, other companies still have an opportunity to launch home-delivery efforts, he said.

Polis and Issa are helping lead this year's Start-Up Day Across America.

"By really nurturing and helping capital formation and issues around startup companies, we're encouraging the creation of tomorrow's great success stories," Polis said.