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S 3267 117th Congress Senate Commerce

Consolidation Prevention and Competition Promotion Act of 2021

Introduced: November 18, 2021 Introduced by: Klobuchar, Amy Democratic · Minnesota See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2021
Read twice and referred to the Committee on the Judiciary.
Nov 18, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Consolidation Prevention and Competition Promotion Act of 2021

This bill revises antitrust laws applicable to mergers and anticompetitive conduct.

Specifically, the bill applies a stricter standard for permissible mergers by prohibiting mergers that (1) create an appreciable risk of materially lessening competition, or (2) unfairly lower the prices of goods or wages because of a lack of competition among buyers or employers (i.e., a monopsony). Under current law, mergers that substantially lessen competition are prohibited.

Additionally, for some large mergers or mergers that concentrate markets beyond a certain threshold, the bill shifts the burden of proof to the merging parties to prove that the merger does not violate the law.

The bill also establishes within the Federal Trade Commission (FTC) the Office of the Competition Advocate.

The Government Accountability Office must report on (1) the success of merger remedies required by the Department of Justice or the FTC in recent consent decrees; and (2) the impact of mergers and acquisitions on wages, employment, innovation, and new business formation.

What's happening now November 18, 2021

Read twice and referred to the Committee on the Judiciary.

 Related & companion bills 1
  • S 225 Related bill Competition and Antitrust Law Enforcement Reform Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 3
All 3 Democratic 3
D
Blumenthal, Richard
Connecticut · Nov 18, 2021
 D
Booker, Cory A.
New Jersey · Nov 18, 2021
 D
Hirono, Mazie K.
Hawaii · Nov 18, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3267: Consolidation Prevention and Competition Promotion Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-3267/
MLA
"S. 3267: Consolidation Prevention and Competition Promotion Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3267/.
Bluebook (legal)
S. 3267, 117th Cong. (2026), https://openamerica.io/bill/117-S-3267/.
Markdown link
[S. 3267: Consolidation Prevention and Competition Promotion Act of 2021](https://openamerica.io/bill/117-S-3267/)
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