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Strengthening Competition: New Rules for Mergers and Acquisitions

This act aims to strengthen market competition, potentially leading to lower prices, better quality products and services, and more choices for consumers. It introduces new rules for evaluating company mergers to prevent the formation of overly large monopolies that could harm citizens. Additionally, it establishes a new office to monitor the market and collect data on the impact of corporate concentration on daily life.
Key points
It will be harder for large companies to merge if it could harm competition, protecting consumers from higher prices and fewer choices.
New criteria for evaluating mergers are introduced, considering not only prices but also quality, innovation, and market entry opportunities for new businesses.
An Office of Competition Advocate is established to collect data on the impact of corporate concentration on the market and citizens' lives, and to receive reports on unfair practices.
Companies that have entered into antitrust settlements will be required to regularly report whether their actions have effectively restored market competition.
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Expired
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Additional Information
Print number: 117_S_3267
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-11-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Consolidation Prevention and Competition Promotion Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3267.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-18.

What are the main provisions?

Key points include:

  • It will be harder for large companies to merge if it could harm competition, protecting consumers from higher prices and fewer choices.
  • New criteria for evaluating mergers are introduced, considering not only prices but also quality, innovation, and market entry opportunities for new businesses.
  • An Office of Competition Advocate is established to collect data on the impact of corporate concentration on the market and citizens' lives, and to receive reports on unfair practices.
  • Companies that have entered into antitrust settlements will be required to regularly report whether their actions have effectively restored market competition.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law