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Teddy Roosevelt Fair Competition and Public Trust Act of 2023

12/15/2023, 3:53 PM

Summary of Bill HR 147

Bill 118 HR 147, also known as the Teddy Roosevelt Fair Competition and Public Trust Act of 2023, aims to promote fair competition and protect the public trust in the United States. The bill is named after former President Teddy Roosevelt, who was known for his efforts to regulate big business and promote competition in the early 20th century.

The main provisions of the bill include measures to prevent anti-competitive practices, such as monopolies and price-fixing, that harm consumers and stifle innovation. The bill also seeks to strengthen enforcement of existing antitrust laws and increase transparency in the marketplace.

Additionally, the Teddy Roosevelt Fair Competition and Public Trust Act of 2023 includes provisions to address issues related to data privacy and security, as well as measures to combat corruption and promote accountability in government. Overall, the bill is aimed at promoting a fair and competitive marketplace, protecting consumers, and upholding the public trust in government and business. It reflects a commitment to the principles of fairness, transparency, and accountability that are essential for a healthy and thriving economy.

Congressional Summary of HR 147

Teddy Roosevelt Fair Competition and Public Trust Act of 2023

This bill applies antitrust laws to the business of professional baseball. For purposes of this bill, the term antitrust laws means laws to protect against unlawful restraints and monopolies (Clayton Act) and to protect against unfair methods of competition (Federal Trade Commission Act).

Current Status of Bill HR 147

Bill HR 147 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 147 was introduced during Congress 118 and was introduced to the House on January 9, 2023.  Bill HR 147's most recent activity was Referred to the House Committee on the Judiciary. as of January 9, 2023

Bipartisan Support of Bill HR 147

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
0
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 147

Primary Policy Focus

Commerce

Potential Impact Areas

- Competition and antitrust
- Professional sports

Alternate Title(s) of Bill HR 147

Teddy Roosevelt Fair Competition and Public Trust Act of 2023
Teddy Roosevelt Fair Competition and Public Trust Act of 2023
To provide that professional baseball teams, and leagues composed of such teams, shall be subject to the antitrust laws.

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