Main Street Competes Act

The Main Street Competes Act updates federal policy to explicitly state that enforcing antitrust laws against illegal mergers and anticompetitive behavior should promote competition and help small businesses grow. It requires the Department of Justice and the Federal Trade Commission to submit detailed reports every two years on how their enforcement actions have impacted small businesses, including data on complaints and investigations. Additionally, the Office of Advocacy must analyze this data and provide recommendations to Congress on how to better deter unfair business practices. The bill defines key terms like "small business" and "antitrust violation" to ensure clarity in these reporting requirements.