The “One Agency Act” is a Dangerous Rollback of Antitrust Law

March 21, 2024 Press Release

Washington, D.C. — Ahead of a mark up session in the U.S. House Judiciary Committee today that includes the “The One Agency Act,” a bill that would essentially fold the FTC’s competition authorities into the DOJ Antitrust Division, the American Economic Liberties Project released the following statement.

“This bill is a radical attempt to roll back antitrust law enforcement,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “Two is better than one when it comes to federal antitrust enforcement. Overlapping jurisdiction among the two agencies and the unique power of administrative law judges have enabled key antitrust victories against some of the worst monopolists. The American people cannot afford for the FTC to lose any power to curtail anti-competitive conduct in this time of extreme consolidation across the economy. No amendment can fix this bill. The Judiciary Committee must reject this harmful legislation and instead support the antitrust agencies as they continue to improve conditions for American consumers, workers, and local communities.”

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.