,i #aae? ,,congress #b;d ,session ,h4 ,r4 #efcj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #bf1 #bjah,mr4 ,cicill9e 7= himself1 ,mr4 ,nadl]1 ,mr4 ,ellison1 & ,mr4 ,cr[ley7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,judici>y1 & 9 addition to ! ,committee on ,education & ! ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,clayton ,act to cl>ify t an acquisition t t5ds to create a monopsony violates ! ,clayton ,act4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,economic ,fre$om & ,f9ancial ,security = ,work+ ,p ,act ( #bjah4 #b4 ,f9d+s & purpose 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,competition is a critical = promot+ innovation & entrepr5eur%ip1 creat+ economic opportunity & spurr+ gr[?1 promot+ an equitable di/ribution ( weal?1 & ensur+ *oice = consum]s & work]s4 7#b7 ,gr[+ conc]ns ov] decl9+ competition are driv5 by evid5ce ( high] levels ( conc5tration1 sl[] rates ( m>ket entry1 & wid5+ inequality gaps4 ,evid5ce also %[s a decl9e 9 bus9ess dynamism1 :i* r$uces ! mobility ( work]s4 7#c7 ,9 competitive labor m>kets1 employ]s compete h>d to provide bett] wages1 b5efits1 & conditions = work]s4 ,9 ! abs5ce ( competition1 employ]s 9 conc5trat$ labor m>kets h monopsony p[]4 ,if ex]cis$1 monopsony p[] all[s employ]s to dictate wages & o!r critical factors to ! detrim5t ( work]s4 ,employ]s ) m>ket p[] may also use anticompetitive contracts to re/rict ! opportunity & mobility ( work]s4 7#d7 ,mu* l monopoly p[]1 ! ex]cise ( monopsony p[] c h>m work]s1 consum]s1 innovation1 & economic gr[?4 7#e7 ,! antitru/ laws are an important tool = promot+ competition 9 all m>kets1 includ+ m>kets = consum] goods & s]vices1 & = inputs1 includ+ labor4 7b7 ,purpose ,! purpose ( ?is ,act is to promote work+ ,am]icans' economic opportunity by ensur+ t !y h ! full b5efit ( competition by am5d+ ! ,clayton ,act to include ! t]m monopsony to cl>ify t an acquisition t t5ds to create a monopsony violates ! ,clayton ,act4 #c4 ,unlawful acquisitions t t5d to create a monopsony ,section #g ( ! ,clayton ,act 7#ae ,u4,s4,c4 #ah7 is am5d$ by ins]t+ or a monopsony aft] monopoly ea* place t t]m appe>s4 #d4 ,/udy on monopsony p[] 9 labor m>kets ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct & publi% a /udy incorporat+ public comm5t on ! economic & social effect ( ris+ conc5tration 9 labor m>kets1 includ+ ! impact ( monopsony p[] on ! wages & b5efits1 mobility1 & income equality ( work]s1 includ+ employees & indep5d5t contractors4