,i #aae? ,,congress #a/ ,session ,h4 ,r4 #dfhf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ai1 #bjag,mr4 ,ellison 7= himself1 ,ms4 ,jayapal1 ,mr4 ,pocan1 & ,mr4 ,cicill9e7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to e/abli% ! ,national ,commission on ,economic ,conc5tration to /udy ! effects ( economic conc5tration on competition1 & = o!r purposes4 #a4 ,%ort ,title ,?is ,act may be cit$ z ! #ba/ ,c5tury ,competition ,commission ,act ( #bjag4 #b4 ,f9d+s & s5se ( ,congress 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,!re is sub/antial evid5ce %[+ t competition has decl9$ across ! ,am]ican political economy1 result+ 9 conc5trat$ control & own]%ip across sectors4 7#b7 ,?is /ructural lack ( competition is contribut+ to a ho/ ( h>ms1 includ+ great] weal? inequality1 less innovation1 less entrepr5eur%ip1 & less resili5cy1 ) outsiz$ h>mful effects on m9ority & rural populations4 7b7 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 :ile x is cle> t ! monopoly problem 9 ! ,unit$ ,/ates is ?reat5+ ! economy & democracy ( ! ,unit$ ,/ates1 additional in=mation w help reveal ! full scope ( ! problem & help guide indu/ry-specific policy ef=ts2 7#b7 insuffici5t & p]missive en=cem5t by ! ,dep>tm5t ( ,ju/ice & ! ,f$]al ,trade ,commission necessitates t ,congress conv5e ?is in=mation-ga!r+ ex]cise z a =m ( ov]sight2 & 7#c7 ga!r+ & produc+ in=mation w aid law en=cem5t by ! ,dep>tm5t ( ,ju/ice1 ! ,f$]al ,trade ,commission1 & ,attorneys ,g5]al ( ! ,/ates1 & litigation ef=ts by private p>ties4 #c4 ,commission e/abli%$ 7a7 ,e/abli%m5t ,!re is e/abli%$ ! ,national ,commission on ,economic ,conc5tration 7h]e9aft] ref]r$ to z ! ,commission74 7b7 ,duties 7#a7 ,/udy ,! ,commission %all conduct a /udy ( economic conc5tration to det]m9e ! foll[+3 7,a7 ,! ext5t ( conc5tration 9 aggregate & 9 specific m>kets 9 specific sectors4 7,b7 ,! ext5t ( v]tical integration 9 specific sectors & ! effects ( increas+ v]tical integration on comm]ce )9 su* sectors4 7,c7 ,! ext5t to :i* *anges 9 conc5tration & integration correspond to *anges 9-- 7i7 pr(its2 7ii7 innovation2 7iii7 productivity2 7iv7 new bus9ess =mation2 7v7 di/ribution ( weal? & income2 7vi7 wages2 7vii7 employm5t2 7viii7 prices2 & 7ix7 non-price t]ms & conditions t adv]sely affect suppli]s or consum]s1 includ+ r$uc$-- 7,i7 quality ( products or s]vices2 7,,ii7 v>iety ( products or s]vices2 7,,iii7 protection ( privacy2 & 7,,iv7 ability ( ! consum] to ex]cise legal rights1 includ+ ! ex]cise ( su* rights ?r\gh m&atory arbitration agreem5ts4 7,d7 ,! effects conc5tration has on racial m9orities & rural communities1 ) respect to-- 7i7 cr$it & bank+ s]vices2 7ii7 food2 7iii7 access to af=dable heal?c>e & m$ic9e2 7iv7 fair & af=dable h\s+2 7v7 af=dable access to int]net2 & 7vi7 en]gy & utilities4 7,e7 ,) respect to entrepr5eurs & indep5d5t bus9esses1 ! ob/acles to bus9ess =mation & expansion1 includ+ ! effects ( ris+ conc5tration on ! capability to ent] m>kets & compete4 7,f7 ,! effects ( ris+ conc5tration on work]s1 includ+ employees & indep5d5t contractors1 ) respect to-- 7i7 labor m>ket competition2 7ii7 labor mobility2 7iii7 wage & b5efit levels2 7iv7 wage di/ribution2 7v7 wage volatility2 & 7vi7 o!r mat]ial b5efits4 7,g7 ,! effects ( ris+ conc5tration on suppli]s1 f>m]s1 & o!r up/ream m>ket p>ticipants1 ) respect to-- 7i7 competition 9 m>kets = _! products & s]vices2 7ii7 income levels2 7iii7 income di/ribution2 & 7iv7 income volatility4 7,h7 ,! effects ( conc5tration on ! resili5cy ( indu/rial1 f9ancial1 & te*nological sy/ems4 7,i7 ,! ext5t ( conc5tration )9 bank+ & f9ancial sectors & ! effects ( su* conc5tration on l5d+ & new bus9ess =mation4 7,j7 ,) respect to major te*nology plat=ms t are dom9ant 9 a m>ket sector-- 7i7 ! ext5t ( conc5tration ( control ( communication1 comm]ce1 & critical te*nology2 7ii7 ! ext5t to :i* data1 critical te*nology1 & o!r assets t are available only to major te*nology plat=ms are be+ us$ to und]m9e competition2 7iii7 ! effects ( l>ge-scale data acquisition on m>ket /ability2 7iv7 ! effects ( su* conc5tration on new bus9ess =mation1 inve/m5t fl[s1 & di/ribution ( rev5ue & pr(its among firms2 7v7 ! ext5t to :i* network effects all[ major te*nology plat=ms to atta9 & ma9ta9 m>ket p[]2 & 7vi7 9 ! onl9e m>ketplace1 ! ext5t to :i* competitors are capable ( usurp+ ! dom9ance ( major te*nology plat=ms4 7,k7 ,! ext5t ( common own]%ip by in/itutional inve/ors & ! effects ( su* common own]%ip4 7,l7 ,! ext5t ( di/ribution ( pat5t1 copyright1 & tradem>k own]%ip across firms4 7,m7 ,! causes ( conc5tration & factors t exac]bate ! adv]se effects ( su* conc5tration4 7,n7 ,! relation%ip among conc5tration1 v]tical integration1 firm size1 & corporate political activities1 includ+ lobby+ activities & donations to campaigns & political campaign committees4 7,o7 ,! economic b5efits & co/s ( ! increase ( m]g]s & conglom]ates4 7,p7 ,! ext5t ( abuse ( sup]ior b>ga9+ p[] betwe5 buy]s & sell]s4 7#b7 ,report ,n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,commission %all submit to ,congress a report describ+ ! results ( su* /udy4 7c7 ,memb]%ip 7#a7 ,composition ( ! ,commission ,! ,commission %all be compos$ ( #ae memb]s appo9t$ z foll[s3 7,a7 ,! ,speak] ( ! ,h\se ( ,repres5tatives1 ! m9ority lead] ( ! ,h\se ( ,repres5tatives1 ! ,presid5t pro tempore ( ! ,s5ate1 & ! m9ority lead] ( ! ,s5ate %all ea* appo9t #a memb] f among ! ,h\se ( ,repres5tatives & ! ,s5ate4 7,b7 ,! ,attorney ,g5]al1 ! ,*air ( ! ,f$]al ,trade ,commission1 & ! ,*air ( ! ,f$]al ,res]ve ,bo>d %all ea* appo9t #a memb]4 7,c7 ,! ,c\ncil ( ,economic ,advis]s %all appo9t by majority vote-- 7i7 #a memb] ) exp]tise 9 labor organization2 7ii7 #a memb] ) exp]tise 9 labor policy2 7iii7 #a memb] :o is an executive ( a bus9ess ) few] ?an #ejj employees2 7iv7 #a memb] :o is an executive ( a bus9ess ) great] ?an #e1jjj employees2 7v7 #a memb] f a consum] advocacy nongov]nm5tal organization2 7vi7 #a memb] ) exp]tise 9 indu/rial organization2 7vii7 #a memb] ) exp]tise 9 f9ance2 & 7viii7 #a memb] ) exp]tise 9 inve/m5t4 7#b7 ,t]ms ( (fice ,a memb] appo9t$ "u-- 7,a7 p>agraph 7#a77;,a7 may s]ve s long z su* memb] rema9s a ,memb] ( ! ,h\se ( ,repres5tatives or ! ,s5ate1 unless remov$ by ! relevant appo9t+ au?ority2 7,b7 p>agraph 7#a77;,b7 may s]ve = ! life ( ! ,commission1 unless remov$ by ! relevant appo9t+ au?ority2 & 7,c7 p>agraph 7#a77;,c7 may s]ve = ! life ( ! ,commission1 unless remov$ by a majority vote ( ! ,c\ncil ( ,economic ,advisors4 7#c7 ,*air & vice *air ,! *air & vice *air ( ! ,commission %all be elect$ by a majority vote ( ! memb]s ( ! ,commission4 7#d7 ,vacancy ,a vacancy 9 ! ,commission %all n affect ! p[] ( ! rema9+ memb]s to execute ! functions ( ! ,commission & %all be fill$ 9 ! same mann] z ! orig9al appo9tm5t is made4 7#e7 ,comp5sation 7,a7 ,nongov]nm5t memb]s ,except z provid$ 9 subp>agraph 7,c71 memb]s ( ! ,commission %all be entitl$ to a sum equival5t to ! comp5sation paid at level ,v ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code4 7,b7 ,travel & p] diem ,:ile away f _! homes or regul> places ( bus9ess 9 ! p]=mance ( s]vices = ! ,commission1 memb]s ( ! ,commission %all be all[$ travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 9 ! same mann] z ! exp5ses au?oriz$ by section #egjc ( title #e1 ,unit$ ,/ates ,code1 = p]sons 9 ! ,gov]nm5t s]vice employ$ int]mitt5tly4 7,c7 ,prohibition ( comp5sation ( f$]al (fic]s or employees ,memb]s ( ! ,commission :o are full-"t (fic]s or employees ( ! ,unit$ ,/ates or ,memb]s ( ,congress may n receive additional pay1 all[ances1 or b5efits 9 ! nature ( comp5sation by reason ( _! s]vice on ! ,commission4 7d7 ,rules 7#a7 ,meet+s ,! ,commission %all meet at ! call ( ! *air or a majority ( memb]s ( ! ,commission4 7#b7 ,quorum ,a majority ( memb]s ( ! ,commission %all con/itute a quorum1 & actions by ! ,commission %all be det]m9$ by a majority vote ( ! memb]s pres5t4 7#c7 ,proxy vot+ ,if unable to att5d a meet+ ( ! ,commission1 a memb] ( ! ,commission appo9t$ "u subsection 7c77#a77;,c7 may au?orize ano!r memb] to act & vote on behalf ( ! abs5t memb]4 7#d7 ,att5dance ,memb]s appo9t$ "u subp>agraph 7,a7 or 7,b7 ( subsection 7c77#a7 %all be remov$ f ! ,commission & replac$ by ! relevant appo9t+ au?ority if !y att5d few] ?an two-?irds ( ! meet+s ( ! ,commission4 7e7 ,adm9i/rative provisions 7#a7 ,he>+s ,! ,commission may = ! purposes ( c>ry+ out ?is ,act hold su* he>+s1 sit & act at su* times & places1 take su* te/imony1 & receive su* evid5ce z ! ,commission deems advisable4 ,! ,commission may adm9i/] oa?s or affirmations to witnesses appe>+ be=e x4 7#b7 ,subpo5a p[] ,! ,commission %all h p[] to issue subpo5as requir+ ! att5dance & te/imony ( witnesses & ! production ( evid5ce t relates to any matt] :i* ! ,commission is au?oriz$ to /udy "u subsection 7b74 7#c7 ,access to ,f$]al in=mation ,! ,commission may secure directly f any executive dep>tm5t or ag5cy ( ! ,unit$ ,/ates in=mation reasonably necess>y to enable x to c>ry out ?is ,act4 ,^u reque/ ( ! *airman or vice *airman ( ! ,commission1 & consi/5t ) any o!r law1 ! head ( an executive dep>tm5t or ag5cy %all furni% su* in=mation to ! ,commission4 7#d7 ,ag5cy ,:5 s au?oriz$ by ! ,commission1 any memb]1 subcommittee1 or ag5t ( ! ,commission may take any action :i* ! ,commission is au?oriz$ to take by ?is section4 7#e7 ,/aff 7,a7 ,appo9tm5t ,! *air ( ! ,commission may1 )\t reg>d to ! provisions ( *apt] #da ( title #e1 ,unit$ ,/ates ,code1 appo9t & t]m9ate su* /aff z are necess>y to enable ! ,commission to p]=m its duties4 7,b7 ,comp5sation ,! *air ( ! ,commission may fix ! comp5sation ( ! /aff )\t reg>d to ! provisions ( *apt] #ea & sub*apt] ,,iii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code1 except t ! rate ( pay = ! /aff may n exce$ ! rate ( basic pay payable = level ,v ( ! ,executive ,s*$ule "u section #ecae ( title #e1 ,unit$ ,/ates ,code4 7,c7 ,exp]ts & consultants ,! ,commission may procure tempor>y & int]mitt5t s]vices ( exp]ts & consultants "u section #caji7;b7 ( title #e1 ,unit$ ,/ates ,code1 b at rates = individuals n to exce$ ! maximum rate ( basic pay = ,,gs-#ae ( ! ,g5]al ,s*$ule4 7#f7 ,facilities & support s]vices ,! ,adm9i/rator ( ,g5]al ,s]vices %all provide to ! ,commission on a reimbursable basis su* facilities & support s]vices z ! ,commission may reque/4 7#g7 ,exp5ditures & contracts ,! ,commission or1 on au?orization ( ! ,commission1 a memb] ( ! ,commission may make exp5ditures & ent] into contracts = ! procurem5t ( su* supplies1 s]vices1 & prop]ty z ! ,commission or su* memb] consid]s to be appropriate = ! purpose ( c>ry+ out ?is ,act4 ,su* exp5ditures & contracts may be made only to ! ext5t provid$ 9 advance 9 appropriation ,acts4 7#h7 ,mails ,! ,commission may use ! ,unit$ ,/ates mails 9 ! same mann] & "u ! same conditions z o!r dep>tm5ts & ag5cies ( ! ,unit$ ,/ates4 7#i7 ,gifts1 beque/s1 & devises ,! ,commission may accept1 use1 & dispose ( gifts1 beque/s1 or devises ( s]vices or prop]ty1 bo? real & p]sonal1 = ! purpose ( aid+ or facilitat+ ! "w ( ! ,commission4 ,gifts1 beque/s1 or devises ( money & proce$s f sales ( o!r prop]ty receiv$ z gifts1 beque/s1 or devises %all be deposit$ 9 ! ,treasury & %all be available = disbursem5t ^u ord] ( ! ,commission4 7f7 ,t]m9ation ,! ,commission %all t]m9ate on ! date t is #ahj days aft] ! date on :i* ! ,commission submits ! report "u subsection 7a77#b74 7g7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ a total am\nt ( #ej1jjj1jjj = fiscal ye>s #bjai ?r\gh #bjba to c>ry out ?is ,act4