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Resolutions introduced to investigate anti-competitive practices

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Resolutions introduced to investigate anti-competitive practices

Two US Senators want the Federal Trade Commission to investigate potential price fixing in the beef industry.

A bipartisan resolution introduced by South Dakota Senator Mike Round (R) and Massachusetts Elizabeth Warren (D) will instruct the FTC to report its findings to Congress within a year. .. The investigation examines the degree of anti-competitive practices and antitrust violations in the meat packaging industry. The financial impact of those potential violations. Next step recommendations.

This resolution enacts a 1914 law that allows the President or Congress to instruct the Federal Trade Commission to investigate alleged antitrust violations. Not used since the 1920s.

U.S. Secretary of Agriculture Justin Tapper says that the cowherd’s long wait for the results of the Department of Agriculture’s meat industry survey, led by US Secretary of Agriculture Sonny Perdue, is totally unacceptable.

The North American Meat Research Institute said the resolution misleads the characteristics of the beef and beef markets and has released a document scrutinizing the claims of Senators Warren and Round.



Resolutions introduced to investigate anti-competitive practices

https://brownfieldagnews.com/news/resolution-introduced-to-investigate-anticompetitive-practices/ Resolutions introduced to investigate anti-competitive practices

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