S 2818
Strengthening Antitrust Enforcement for Meatpacking Act of 2023
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Bill overview
This bill amends the Packers and Stockyards Act to strengthen antitrust enforcement in the meatpacking industry. Specifically, it defines acquisitions that could lead to monopolies as unlawful, using a threshold based on the Herfindahl-Hirschman Index. The bill aims to prevent the consolidation of power within the meatpacking sector, promoting competition and potentially lower prices for consumers. It essentially expands the scope of the Packers and Stockyards Act to address anti-competitive mergers.
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