Main Street Competes Act

This Act may be cited as the Main Street Competes Act.
Section 302(a) of the Small Business Economic Policy Act of 1980 (15 U.S.C. 631a(a)) is amended—
by striking and provide and inserting provide; and
by striking the period at the end and inserting ; and promote competitive markets, consumer choice, and business ownership through enforcement of Federal antitrust laws in the case of anticompetitive conduct and illegal mergers that harms small businesses and the growth of small businesses..
Section 303 of the Small Business Economic Policy Act of 1980 (15 U.S.C. 631b) is amended to read as follows:
Not later than 180 days after the end of the fiscal year in which the Main Street Competes Act is enacted, and every two fiscal years thereafter, the head of each specified entity shall submit to the Chief Counsel for Advocacy of the Office of Advocacy of the Small Business Administration a report including—
an analysis of how enforcement by the specified entity of Federal antitrust laws promoted competition during the preceding fiscal year by deterring and remedying anticompetitive conduct, including illegal mergers, that harms small businesses and the growth of small businesses;
the number of complaints of alleged antitrust violations filed by self-identified small businesses with the specified entity during such fiscal year, disaggregated by type of offense and the specific Federal antitrust laws allegedly violated;
the number of inquiries, investigations, and enforcement actions undertaken by the specified entity in response to complaints filed by small businesses with the specified entity during such fiscal year; and
the number of inquiries, investigations, and enforcement actions undertaken by the specified entity during such fiscal year pursuant to an alleged antitrust violation, opened for a reason other than a complaint filed by a small business as described in paragraph (3), to deter and remedy anticompetitive conduct that harms small businesses and the growth of small businesses.
Not later than 180 days after receipt of the report required by subsection (a), the Chief Counsel for Advocacy shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of Senate a report that includes—
a summary of the report submitted under subsection (a);
an analysis of the data in such report, disaggregated by industry category;
an evaluation of the issues identified in such report relating to—
anticompetitive conduct, including illegal mergers, that harmed small businesses and the growth of small businesses; and
administrative actions that promoted competition and growth of small businesses;
as appropriate, recommendations for administrative actions that could—
promote competition;
deter anticompetitive conduct, including illegal mergers, that harmed small business and the growth of small businesses; and
remedy such anticompetitive conduct; and
as appropriate, recommendations for legislative actions that could—
promote competition;
deter anticompetitive conduct, including illegal mergers, that harmed small business and the growth of small businesses; and
remedy such anticompetitive conduct.
The Small Business Economic Policy Act of 1980 (Public Law 96–302; 94 Stat. 848; 15 U.S.C. 631a et seq.) is amended by adding at the end the following new section:
In this title:
The term antitrust violation means any violation of Federal antitrust laws.
The term Federal antitrust laws has the meaning given the term antitrust laws in subsection (a) of the first section of the Clayton Act (15 U.S.C. 12(a)), except that such term shall also include section 5 of the Federal Trade Commission Act (15 U.S.C. 45) to the extent that such section 5 applies to unfair methods of competition.
The term small business has the meaning given the term small business concern under section 3 of the Small Business Act (15 U.S.C. 632).
The term specified entity means—
the Department of Justice; and
the Federal Trade Commission.