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Small Business Support: Combating Unfair Competition

This act aims to strengthen small businesses by improving the enforcement of antitrust laws. This means the government will more closely examine how large companies affect competition, potentially leading to more opportunities for small businesses and greater consumer choice.
Key points
The President will be required to present annual detailed data on the state of small businesses, including startups and failures, broken down by urban, suburban, and rural areas.
The act mandates an examination of how antitrust law enforcement affects small business competitiveness and problems arising from a lack of enforcement.
The Department of Justice and the Federal Trade Commission will need to report on how their antitrust actions protect small businesses from unfair practices like predatory pricing or anti-competitive mergers.
The Office of Advocacy of the Small Business Administration will evaluate the effectiveness of antitrust efforts in protecting small businesses.
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Additional Information
Print number: 117_HR_9138
Sponsor: Rep. Newman, Marie [D-IL-3]
Process start date: 2022-10-04