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US SB1059
Bill
AI Summary
- Transfers all antitrust enforcement authority from the Federal Trade Commission (FTC) to the Department of Justice, consolidating federal antitrust jurisdiction under a single agency
- Moves FTC Bureau of Competition employees, assets, funding, and ongoing investigations to the DOJ Antitrust Division, with a transition period of 1 year (extendable up to 180 additional days by the Attorney General)
- Removes FTC authority to enforce "unfair methods of competition" under Section 5 of the FTC Act, eliminating the agency's standalone competition enforcement power
- Requires all premerger notification filings under the Hart-Scott-Rodino Act to be submitted solely to the Attorney General rather than both DOJ and FTC
- Takes effect at the start of the first fiscal year at least 90 days after enactment, with the FTC prohibited from opening new antitrust investigations or matters beginning on the effective date
Legislative Description
One Agency Act
Commerce
Last Action
Read twice and referred to the Committee on the Judiciary.
3/13/2025
Committee Referrals
Judiciary3/13/2025
Full Bill Text
No bill text available