Rep. Derek Schmidt-Led Bill to Strengthen Small Business Competition Passes House

WASHINGTON, D.C. - The U.S. House of Representatives today passed the Main Street Competes Act, bipartisan legislation introduced by U.S. Representatives Derek Schmidt (KS-02) and Hillary Scholten (MI-03). The bill would help level the playing field for small businesses. The bill would require federal agencies to report to Congress each year on how antitrust laws are working, how they are helping small businesses compete, and what changes in antitrust law or policy could better support small business growth.

"Many small businesses find themselves competing against national or global corporations that have far more resources, influence, and market power," Congressman Schmidt said. "This bill is about making sure policymakers have the information needed to promote fair, competitive markets that help entrepreneurs succeed. The House passing this bipartisan effort sends a strong statement of support for Main Street small businesses, and I look forward to working with my Senate colleagues to keep it moving forward."

"Small businesses are truly the foundation of our economy, but too often they are left to unfairly compete against a handful of large corporations," said Congresswoman Scholten. "I'm so proud that the House passed our bipartisan Main Street Competes Act, which will help close the gap in our federal laws that make it easier for larger businesses to evade accountability for illegal activity. I came to Congress to make the federal government work better for the people it serves, and this legislation does exactly that."

The Main Street Competes Act previously passed unanimously out of the House Small Business Committee, and with today's House passage, now heads to the Senate for consideration.

Click here to watch Congressman Schmidt's House floor remarks.