Resolution introduced to investigate anticompetitive practices

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

The bipartisan resolution, introduced by Senators Mike Rounds (R) of South Dakota and Elizabeth Warren (D) of Massachusetts, would direct the FTC to report its findings to Congress within one year.  The investigation would look at the extent of anticompetitive practices and violations of antitrust law in the beef packing industry; the monetary impact of those potential violations; and recommendations for next steps.

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