Transfer of Antitrust Enforcement from FTC to Attorney General
This act aims to streamline antitrust enforcement in the United States by transferring all related responsibilities from the Federal Trade Commission (FTC) to the Attorney General. This means a single entity will be responsible for ensuring fair market competition, potentially impacting product prices and availability for consumers. The change is intended to save taxpayer money and increase efficiency.
Key points
All antitrust actions, employees, assets, and funding from the FTC will be transferred to the Department of Justice, under the Attorney General's supervision.
The FTC will lose the ability to initiate new antitrust investigations and can only continue existing cases with the Attorney General's approval.
The Attorney General will gain sole authority over antitrust enforcement, including investigating companies and publishing reports on competition.
Status:
Expired
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