Main Street Competes Act
Small Business: Antitrust Enforcement Reporting
The Main Street Competes Act is currently in the early stages of the legislative process. It was recently sent to the House Committee on Small Business for review. The bill is actively moving forward as it waits for the committee to discuss its next steps.
Legislative Progress
This bill has support from both parties and focuses on helping small businesses, which is a popular topic. However, it is still in the early stages and needs to pass through several committees.
Key Points
- This bill requires the Department of Justice and the Federal Trade Commission to track how their work affects small businesses. They must look at whether they are doing enough to stop big companies from using unfair tactics to push out smaller competitors.
- Every two years, these agencies would have to report how many complaints they received from small business owners. They also have to show how many investigations they started to protect small shops from illegal mergers or other harmful actions.
- The Small Business Administration would take this data and suggest new laws or rules to help small businesses stay competitive. This helps the government understand if current laws are actually working for local shops or only for giant corporations.
- The goal of the policy is to make sure that Main Street businesses have a fair chance to grow. By tracking these numbers, leaders can see where big companies might be breaking the rules to hurt their smaller rivals.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
DEBATE - The House proceeded with forty minutes of debate on H.R. 8882.
Considered under suspension of the rules.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Main Street Competes Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.