Bill > S2039

This bill, known as the "Tougher Enforcement Against Monopolists Act" or the "TEAM Act", proposes several changes to antitrust laws and enforcement in the United States. The key provisions are: 1. Transferring all antitrust enforcement functions from the Federal Trade Commission to the Department of Justice, with the goal of consolidating antitrust authority in a single agency. 2. Establishing new merger presumptions and notification requirements, including an irrebuttable presumption that a merger resulting in a combined market share over 66% will substantially lessen competition. 3. Requiring the Administrator of the Office of Information and Regulatory Affairs to prepare a "competitive impact statement" when reviewing significant regulatory actions. 4. Authorizing the Assistant Attorney General to prepare written explanations for decisions not to file antitrust lawsuits. 5. Establishing a "Restoring Board Immunity Act" to provide antitrust immunity to state occupational licensing boards that either actively supervise their actions or allow for judicial review of their regulations. 6. Overturning the Illinois Brick and Hanover Shoe decisions to allow indirect purchasers to recover damages in antitrust cases. 7. Authorizing the Assistant Attorney General to bring actions on behalf of consumers injured by Sherman Act violations, with damages deposited into an "Antitrust Consumer Damages Fund". The bill aims to strengthen antitrust enforcement and reduce concentration in U.S. markets.

Justice

https://www.congress.gov/bill/117th-congress/senate-bill/2039/all-info