H.R. 8882

Main Street Competes Act

Sponsor: Hillary J. Scholten · 2 cosponsors

Follow this bill

Official summary

Written by the Congressional Research Service.

Main Street Competes Act

This bill requires the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to separately report biennially to the Small Business Administration (SBA) on how such agency's enforcement of federal antitrust law has promoted competition and deterred anticompetitive conduct that harms small businesses. The reports must include the number of antitrust inquiries, investigations, and enforcement actions conducted by the agencies.

Further, the SBA must report to Congress a summary of the DOJ and FTC reports that includes, as appropriate, recommendations for administration actions that may promote competition and deter anticompetitive conduct.

The bill replaces a requirement that the President report annually to Congress about the role of small businesses in the economy on an industry-by-industry basis.

Text of the bill

Expand all
Sec. 2. Congressional declaration of small business economic policy Since introduced

Section 302(a) of the Small Business Economic Policy Act of 1980 (15 U.S.C. 631a(a)) is amended—

(1) by striking and provide and inserting provide; and

(2) by striking the period at the end and inserting ; and promote competitive markets, consumer choice, and business ownership through enforcement of Federal antitrust laws in the case of anticompetitive conduct and illegal mergers that harms small businesses and the growth of small businesses..