Bill

Bill > S225


US S225

US S225
Competition and Antitrust Law Enforcement Reform Act of 2021


summary

Introduced
02/04/2021
In Committee
02/04/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To reform the antitrust laws to better protect competition in the American economy, to amend the Clayton Act to modify the standard for an unlawful acquisition, to deter anticompetitive exclusionary conduct that harms competition and consumers, to enhance the ability of the Department of Justice and the Federal Trade Com- mission to enforce the antitrust laws, and for other pur- poses.

AI Summary

This bill aims to reform antitrust laws to better protect competition in the American economy. Key provisions include: - Amending the Clayton Act to clarify the standard for unlawful mergers, including considering effects on quality, choice, innovation, and competitive exclusion, in addition to price. It also establishes rebuttable presumptions against certain large acquisitions. - Prohibiting exclusionary conduct by dominant firms that harms competition, with a rebuttable presumption of harm for firms with significant market power. - Authorizing civil penalties for violations of the Sherman Act and the Federal Trade Commission Act, in addition to existing remedies. - Enhancing antitrust enforcement agency budgets and tools, including creating an Office of the Competition Advocate within the FTC. - Providing whistleblower protections and rewards for reporting antitrust violations. - Allowing prejudgment interest for successful antitrust plaintiffs. The overall aim is to strengthen antitrust enforcement to address growing market power and consolidation in the U.S. economy.

Committee Categories

Justice

Sponsors (10)

Last Action

Read twice and referred to the Committee on the Judiciary. (on 02/04/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...