Main Street Competes Act
Description
This bill would require the DOJ and FTC to report on how antitrust enforcement protects small businesses and promotes market competition.
Summary
What it does
This bill would require the Department of Justice and the Federal Trade Commission to submit biennial reports to the Small Business Administration regarding how antitrust enforcement has promoted competition and deterred conduct that harms small businesses. The Small Business Administration would then be required to provide Congress with a summary of these reports, including recommendations for administrative actions to further support small business competition. Additionally, the bill proposes to replace an existing requirement for the President to provide an annual industry-by-industry report on the role of small businesses in the economy.
Who is affected
The bill directly affects the Department of Justice (DOJ), the Federal Trade Commission (FTC), and the Small Business Administration (SBA) by establishing new biennial reporting and summary requirements regarding antitrust enforcement. Small businesses are identified as the primary beneficiaries of these reports, which focus on how enforcement actions deter anticompetitive conduct and promote competition. Additionally, the President is affected by the removal of a current requirement to provide annual industry-by-industry reports on the role of small businesses in the economy.
Key provisions
- Antitrust enforcement reporting by DOJ and FTC. The Department of Justice and the Federal Trade Commission must submit biennial reports to the Small Business Administration detailing how antitrust enforcement has promoted competition and deterred conduct harmful to small businesses.
- Data collection on antitrust activities. Reports from federal agencies must include specific data regarding the number of antitrust inquiries, investigations, and enforcement actions conducted.
- Small Business Administration reporting to Congress. The Small Business Administration is required to provide Congress with a summary of agency reports, including recommendations for administrative actions to support competition and deter anticompetitive behavior.
- Modification of presidential reporting requirements. The bill removes an existing requirement for the President to submit an annual report to Congress concerning the industry-by-industry role of small businesses in the economy.
Fiscal impact
- H.R. 8882, Main Street Competes Act· As reported by the House Committee on Small Business on June 3, 2026
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
This bill modifies existing reporting requirements by replacing a mandate for the President to provide an annual industry-by-industry report on the role of small businesses in the economy with a new reporting structure involving the Department of Justice, the Federal Trade Commission, and the Small Business Administration regarding federal antitrust enforcement.
Stated purpose
The bill aims to promote competition and deter anticompetitive conduct that harms small businesses by requiring the Department of Justice and the Federal Trade Commission to report on their antitrust enforcement activities. It also seeks to streamline federal reporting by replacing an annual presidential report on small businesses with a summary of these antitrust enforcement efforts and related administrative recommendations.