,,iia #aai? ,,congress #b;d ,session ,s4 ,j4 ,,res4 #bja ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #ba1 #bjbf,ms4 ,w>r5 7= h]self & ,mr4 ,banks7 introduc$ ! foll[+ jo9t resolution2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,judici>y ,,jo9t ,,resolution ,direct+ ! ,f$]al ,trade ,commission to inve/igate & report on anticompetitive practices & violations ( ! antitru/ laws 9 ! fire truck manufactur+ indu/ry4 ,:]eas section #f ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #df7 & ! matt] "u ! head+ ,,f$]al ,,trade ,,commission ( ! ,indep5d5t ,(fices ,appropriation ,act1 #aicd 7#ae ,u4,s4,c4 #df;a7 au?orize ,congress1 ?r\gh a resolution pass$ by ! ,s5ate & ! ,h\se ( ,repres5tatives1 to direct ! ,f$]al ,trade ,commission to inve/igate & report ! facts relat+ to any alleg$ violations ( ! antitru/ laws by any corporation2 ,:]eas !re h be5 cr$ible allegations ( violations ( ! antitru/ laws 9 ! fire truck manufactur+ indu/ry2 ,:]eas ! fire truck manufactur+ indu/ry has become increas+ly consolidat$ ov] ! la/ decade1 l>gely due to s]ial acquisitions ( indep5d5t fire truck manufactur]s by private equity firms & l>g] manufactur]s2 ,:]eas ! ,m]g] ,guidel9es issu$ by ! ,f$]al ,trade ,commission & ,dep>tm5t ( ,ju/ice cl>ify t ! antitru/ ag5cies may exam9e ! cumulative effect ( a :ole s]ies ( acquisitions if an individual transaction is "p ( a firm's patt]n or /rategy ( multiple acquisitions2 ,:]eas #c companies control #gj to #hj p]c5t ( ! fire truck manufactur+ m>ket2 ,:]eas dom9ant fire truck manufactur]s h alleg$ly us$ _! m>ket p[] to increase fire truck prices to ! po9t t fire trucks are unatta9able = fire dep>tm5ts2 ,:]eas1 betwe5 #bjac & #bjbc1 ! price = a pump] truck increas$ f #ejj1jjj to ne>ly #a1jjj1jjj1 & ! price = a ladd] truck increas$ f #ijj1jjj to ne>ly #b1jjj1jjj2 ,:]eas ! prices ( fire trucks h f> outpac$ inflation = heavy duty truck manufactur+ f #bjac to #bjbc2 ,:]eas1 s9ce #bjai1 ! lead times = fire truck deliv]y h increas$ f betwe5 #a & #b ye>s to #d4e ye>s2 ,:]eas ! fire truck manufactur] ) ! l>ge/ m>ket %>e has p]man5tly %ut d[n "s ( its own production plants ev5 :ile dem& = fire trucks has increas$ 9 rec5t ye>s2 ,:]eas high] prices & long] deliv]y times = fire trucks h prev5t$ fire dep>tm5ts f replac+ ag+ fire trucks1 & in/ead =c$ fire dep>tm5ts to use outdat$ fire trucks1 ?reat5+ fire fight] & public safety2 ,:]eas fire dep>tm5ts are /ruggl+ to procure fire trucks due to ris+ co/s & l5g!n+ deliv]y backlogs2 ,:]eas :5 ,los ,angeles1 ,cali=nia fac$ deadly wildfires 9 ,janu>y #bjbe1 m ?an half ( ! fire trucks ( ! ,los ,angeles ,fire ,dep>tm5t 7 out ( s]vice1 :i* h9d]$ ! ability ( ! ,dep>tm5t to effectively conta9 ! fires2 ,:]eas ,memb]s ( ,congress h he>d f fire fight]s1 fire dep>tm5ts1 & local (ficials1 includ+ 9 ,massa*usetts1 ,indiana1 ,v]mont1 & ,virg9ia1 ab\t ! economic & safety *all5ges caus$ by ris+ fire truck co/s & deliv]y backlogs2 & ,:]eas1 9 ,augu/ #bjbe1 ! ,city ( ,la ,crosse1 ,wiscons9 fil$ a class action lawsuit aga9/ sev]al major fire truck manufactur]s1 alleg+ !y conspir$ to use _! m>ket p[] to suppress ! supply ( fire trucks & raise fire truck prices1 9 violation ( section #a ( ! ,%]man ,act 7#ae ,u4,s4,c4 #a7 & ! antitru/ law ( ! ,/ate ( ,wiscons9 7,wis4 ,/at4 ,ann4 section #acc4ja73 ,n[1 !re=e1 be x ,t-- 7#a7 ! ,f$]al ,trade ,commission is direct$ to inve/igate &1 n lat] ?an #a ye> aft] ! date ( adoption ( ?is resolution1 report to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives on-- 7,a7 ! ext5t ( anticompetitive practices & violations ( ! antitru/ laws 7z def9$ 9 ! fir/ section ( ! ,clayton ,act 7#ae ,u4,s4,c4 #ab77 9 ! fire truck manufactur+ indu/ry1 includ+-- 7i7 price fix+2 7ii7 price g\g+2 7iii7 s]ial acquisitions2 & 7iv7 monopolization2 7,b7 ! effects ( anticompetitive practices & violations ( ! antitru/ laws 9 ! fire truck manufactur+ indu/ry on fire fight]s1 fire dep>tm5ts1 ,/ates1 municipalities1 & small bus9esses1 includ+ monet>y & o!r h>ms2 & 7,c7 recomm5dations = legislation1 or o!r rem$ial actions1 z appropriate2 & 7#b7 if a respond5t does n provide timely answ]s to a reque/ = in=mation by ! ,f$]al ,trade ,commission1 ! ,f$]al ,trade ,commission %all report to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives reg>d+ ! conduct ( ! respond5t4