Main Street Competes Act

This bill requires the Department of Justice and the Federal Trade Commission to send reports every two years to the Small Business Administration explaining how their work enforcing antitrust laws has helped promote competition and protect small businesses from unfair practices. These reports must include how many antitrust inquiries, investigations, and enforcement actions the agencies carried out. The Small Business Administration must then send Congress a summary of those reports, along with any recommendations for steps that could help boost competition and prevent unfair business practices. The bill also removes an existing requirement that the President send Congress a yearly report about the role of small businesses in the economy.

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