S 4308
Competition and Antitrust Law Enforcement Reform Act of 2024
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Bill overview
The Competition and Antitrust Law Enforcement Reform Act of 2024 aims to strengthen antitrust enforcement in the United States by modifying the legal standard for acquisitions, deterring anticompetitive practices, and enhancing the ability of agencies like the Department of Justice and the Federal Trade Commission to investigate and prosecute antitrust violations. Specifically, the bill seeks to clarify the definition of market power, revise merger review processes, and provide increased resources for antitrust enforcement. It also includes provisions to study the impact of mergers on various aspects of the economy and establish an Office of the Competition Advocate to oversee these efforts.
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