H.R. 8882 — Main Street Competes Act

This section expands the Federal Government's declared policy on small businesses to include promoting competitive markets, consumer choice, and business ownership through enforcement of Federal antitrust laws against anticompetitive conduct and illegal mergers that harm small businesses and their growth.

This section replaces the annual presidential Report on Small Business and Competition with a new biennial reporting requirement. It directs the Department of Justice and Federal Trade Commission to submit reports every two fiscal years, within 180 days after fiscal year-end, to the Chief Counsel for Advocacy analyzing antitrust enforcement actions that affect small businesses, including complaint volumes, investigations, and remedies for anticompetitive conduct. The Chief Counsel must then submit a consolidated report with industry-level analysis and recommendations to the House and Senate small business committees within 180 days. It defines small business, federal antitrust laws, and specified entities.