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Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022
12/30/2022, 12:04 AM
Summary of Bill HR 7827
Bill 117 HR 7827, also known as the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022, aims to address concerns about consolidation and monopolistic practices within the food and agriculture industry. The bill proposes a temporary moratorium on mergers and acquisitions in the food and agribusiness sector, lasting for a period of 18 months.
During this moratorium, the bill calls for a comprehensive review of past mergers and acquisitions within the industry to assess their impact on competition, consumer choice, and market prices. The goal of this review is to identify any anti-competitive behavior and take appropriate action to promote a more competitive marketplace.
Additionally, the bill seeks to strengthen antitrust enforcement in the food and agriculture industry by providing additional resources to the Department of Justice and the Federal Trade Commission. This includes funding for increased staff, training, and technology to better investigate and prosecute antitrust violations. Overall, the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022 aims to promote fair competition, protect consumers, and ensure a level playing field within the food and agriculture industry. It represents a significant effort to address concerns about consolidation and monopolistic practices that have been prevalent in the industry in recent years.
During this moratorium, the bill calls for a comprehensive review of past mergers and acquisitions within the industry to assess their impact on competition, consumer choice, and market prices. The goal of this review is to identify any anti-competitive behavior and take appropriate action to promote a more competitive marketplace.
Additionally, the bill seeks to strengthen antitrust enforcement in the food and agriculture industry by providing additional resources to the Department of Justice and the Federal Trade Commission. This includes funding for increased staff, training, and technology to better investigate and prosecute antitrust violations. Overall, the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022 aims to promote fair competition, protect consumers, and ensure a level playing field within the food and agriculture industry. It represents a significant effort to address concerns about consolidation and monopolistic practices that have been prevalent in the industry in recent years.
Congressional Summary of HR 7827
Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022
This bill places a moratorium on certain acquisitions between large agricultural and retail-related businesses and establishes the Food and Agriculture Concentration and Market Power Review Commission. The commission shall report to Congress and the President on (1) the nature and consequences of market concentration in the U.S. food and agricultural economy, and (2) recommended legal and regulatory changes to address such market concentration.
Read the Full Bill
Current Status of Bill HR 7827
Bill HR 7827 is currently in the status of Bill Introduced since May 18, 2022. Bill HR 7827 was introduced during Congress 117 and was introduced to the House on May 18, 2022. Bill HR 7827's most recent activity was Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. as of November 1, 2022
Bipartisan Support of Bill HR 7827
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
18Democrat Cosponsors
18Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7827
Primary Policy Focus
CommerceAlternate Title(s) of Bill HR 7827
Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022
Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022
To impose a moratorium on large agribusiness, food and beverage manufacturing, and grocery retail mergers.
Comments
Sponsors and Cosponsors of HR 7827
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