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Transfer of Antitrust Enforcement from FTC to Department of Justice

This act aims to streamline antitrust enforcement by transferring all related functions from the Federal Trade Commission (FTC) to the Department of Justice. This means a single agency will be responsible for ensuring fair market competition, which could impact prices and availability of products and services for consumers.
Key points
All FTC antitrust functions, employees, assets, and funding will be transferred to the Department of Justice.
The Department of Justice will become the sole authority for reviewing the competitive impact of communications transactions, potentially speeding up mergers and acquisitions in the telecom sector.
The goal is to avoid wasted resources and uncertainty for businesses and consumers caused by overlapping jurisdictions of two agencies.
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Additional Information
Print number: 117_S_633
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2021-03-09