Competition and Antitrust Law Enforcement Reform Act of 2024

This bill aims to strengthen antitrust enforcement by revising key provisions of the Clayton Act to better address anticompetitive mergers and market power. It establishes new requirements for large acquisitions, creates an Office of Competition Advocate within the FTC to monitor and report on competition issues, and authorizes civil penalties of up to 30% of a company's U.S. revenues for antitrust violations. The bill also includes whistleblower protections and rewards, requires companies to report on post-merger competitive effects for five years, and increases funding for antitrust enforcement agencies. These changes are intended to protect consumers, workers, and small businesses by promoting competition and preventing harmful consolidation in markets.