Summary of Bill S 1059
Bill 119 s 1059, also known as the "Antitrust Enforcement Transfer Act," proposes to transfer the responsibility of enforcing antitrust laws from the Federal Trade Commission (FTC) to the Department of Justice (DOJ). The bill aims to streamline and consolidate antitrust enforcement efforts under one agency, believing that this will lead to more efficient and effective enforcement of antitrust laws.
The bill also includes provisions for the DOJ to establish an Antitrust Division, which would be responsible for investigating and prosecuting antitrust violations. Additionally, the bill outlines the process for transferring personnel, resources, and responsibilities from the FTC to the DOJ.
Supporters of the bill argue that consolidating antitrust enforcement under the DOJ will lead to more consistent and coordinated enforcement efforts, ultimately benefiting consumers and promoting fair competition in the marketplace. However, opponents express concerns about potential conflicts of interest and the potential for politicization of antitrust enforcement under the DOJ.
Overall, Bill 119 s 1059 seeks to restructure the enforcement of antitrust laws in the United States by transferring these responsibilities from the FTC to the DOJ, with the goal of improving efficiency and effectiveness in enforcing antitrust laws.