Federal agencies would track company dominance in everyday consumer markets

The Federal Trade Commission would convene an agency working group to develop and use a method for tracking and reporting company dominance. The commission would select markets for goods and services people regularly buy to meet basic daily needs. The group would have to be convened within one year after the bill becomes law.

The commission would post reports with charts on its main website and recommend ways to use existing powers to address company dominance. Reports would cover the markets the commission selects for basic daily needs. Reports would examine supply bottlenecks and services that could help companies coordinate prices or charge different prices. The first report would be due within two years after the bill becomes law, with another every three years thereafter.

The bill would exempt information collection for this work from the Paperwork Reduction Act. The exemption would cover information agencies collect themselves or sponsor others to collect for this work.