HB10904: American Cost of Living Defense Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To direct the Federal Trade Commission to convene an interagency working group to track and report on market concentration and monopoly activity with respect to certain sectors of the economy, and for other purposes.
Plain-language summary
This bill asks the Federal Trade Commission (FTC), which enforces competition laws, to create a working group with other federal agencies. The group would monitor and report on market concentration and monopoly activity across specific economic sectors. Market concentration means when a few large companies control most of an industry; monopoly means one company controls a market. The bill has been introduced but has not yet advanced to for formal review.
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HB10904: American Cost of Living Defense Act