Warren and Banks Introduce Resolutions Directing FTC to Probe Firetruck Market Competition

Private Equity Antitrust Investigation in Firetruck Manufacturing·Latest event July 21, 2026

Jul 21

Warren and Banks Introduce Resolutions Directing FTC to Probe Firetruck Market Competition

The bipartisan legislation introduced by Senators Elizabeth Warren and Jim Banks specifically requests that the Federal Trade Commission examine how market consolidation has impacted emergency vehicle procurement for local governments. The Senate resolution and its House companion target private equity firms that have consolidated the market. Sponsors claim this consolidation has led to doubled vehicle costs and significant delivery delays. Banks stated on social media that private equity rollups have overcharged fire departments and put public safety at risk. Currently, three companies control approximately 80 percent of the fire truck market. The resolutions seek details on whether these manufacturers are engaging in price-fixing or creating monopolies that harm local municipalities. The FTC would be tasked with determining if private equity's past rollups of smaller manufacturers have stifled competition and inflated prices for essential emergency equipment.

S.J.Res. 201Fire Truck Manufacturing: Antitrust Investigation H.J.Res. 203Fire Truck Manufacturing: Price and Competition ProbeJim Banks on Fire Truck AntitrustLawmakers Seek Details of Private Equity's Past Rollups of Firetruck Makers

Policies

S.J.Res. 201 and H.J.Res. 203 are companion resolutions introduced on the same day to coordinate the investigation request across both the House and Senate.

Fire Truck Manufacturing: Antitrust Investigation

S.J.Res. 201

Fire Truck Manufacturing: Price and Competition Probe

H.J.Res. 203

News

Exclusive | Lawmakers Seek Details of Private Equity's Past Rollups of Firetruck Makers

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