Bill > S4918

This bill, called the One Agency Act, proposes to transfer all antitrust enforcement functions from the Federal Trade Commission (FTC) to the Department of Justice (DOJ). The key provisions include: - Transferring all FTC antitrust functions, employees, assets, and funding to the DOJ Antitrust Division, either by a date determined by the Assistant Attorney General or by the end of a transition period of up to 18 months. - Allowing the DOJ to take over and continue any ongoing FTC antitrust investigations, litigations, and administrative proceedings during the transition period. - Prohibiting the FTC from initiating new antitrust actions or hiring new antitrust staff during the transition period, except with the approval of the Assistant Attorney General. - Giving the DOJ sole authority to enforce, modify, or rescind any FTC antitrust-related consent decrees entered before the effective date. - Making various technical and conforming amendments to existing laws like the Clayton Act and Federal Trade Commission Act to reflect the transfer of antitrust authority to the DOJ. The goal is to consolidate primary federal responsibility for enforcing antitrust laws under a single agency, the DOJ, which the bill finds will improve the efficiency and effectiveness of antitrust enforcement.