YourVoice.Now Summary
Transparency & AccountabilityThe President's yearly small business report would end — replaced by Justice Department and FTC antitrust reports every two years.
Transparency & Accountability
The Justice Department and the FTC would have to say how many small firms complained. They would also say how many of those complaints led to a probe or a court case, counts no law asks for today.
This office sits inside the Small Business Administration and speaks for small firms. It would sort the data by industry, then send Congress a report with ideas for changes.
Since 1980, the President has owed Congress a yearly report on small firms in each industry, due each January 20. The bill puts the new antitrust reports in its place.
That same yearly report lists how much federal contract money goes to small, minority-owned, women-owned, and veteran-owned firms. The bill drops that list too.
More about this bill
Most people would see no change in daily life. The bill swaps one government report for another. It also adds competition and consumer choice to the stated goals of small business policy. Antitrust laws are the rules against price fixing and illegal mergers. The Justice Department and the FTC would each write a new report on them every two years. Each report would count how many small business owners filed complaints. It would also count how many of those led to a case. The reports would go to a small business advocate's office inside the Small Business Administration. That office would sort the data by industry. It would then send Congress its own report, with ideas for new rules or laws. The yearly report the President now owes Congress on small business would end. That report tracked how small firms were doing in each field. It also listed how much federal contract money went to small, minority-owned, women-owned, and veteran-owned firms. Timing depends on when the bill becomes law. The first new reports would be due 180 days after the end of that budget year.
Congressional Summary
Main Street Competes Act This bill requires the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to separately report biennially to the Small Business Administration (SBA) on how such agency's enforcement of federal antitrust law has promoted competition and deterred anticompetitive conduct that harms small businesses. The reports must include the number of antitrust inquiries, investigations, and enforcement actions conducted by the agencies. Further, the SBA must report to Congress a summary of the DOJ and FTC reports that includes, as appropriate, recommendations for administration actions that may promote competition and deter anticompetitive conduct. The bill replaces a requirement that the President report annually to Congress about the role of small businesses in the economy on an industry-by-industry basis.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Reported to House
- Action Date
- 2026-06-03
- Date Added
- 2026-06-19
- Source
- Congress.gov →
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