Rep. Ted Budd Sponsors Bill Consolidating Federal Antitrust Enforcement
Washington, October 14, 2021
Washington, D.C. -- Rep. Ted Budd (R-NC) has co-sponsored H.R.2926, the One Agency Act. The bill would consolidate the federal government’s antitrust enforcement authority into the Department of Justice (DOJ). Currently, this authority is split between the DOJ and the Federal Trade Commission.
The legislation was originally introduced by Reps. Mike Johnson (R-LA), Jim Jordan (R-OH), and Greg Steube (R-FL).
Rep. Budd said in a statement:
“When federal authority is fragmented into several areas of government, enforcement gaps form and anti-competitive behavior by Big Tech and other major corporations is allowed to fester. The One Agency Act is a common sense fix that will help streamline federal agencies as they act on behalf of consumers. I’d like to thank Reps. Johnson, Jordan, and Steube for leading this bill.”