Elon Musk Endorses Bill to Consolidate Antitrust Enforcement Under DOJ

Elon Musk has voiced support for the One Agency Act, a bill that proposes consolidating antitrust enforcement at the U.S. Department of Justice (DOJ). Currently, both the DOJ and the Federal Trade Commission (FTC) share federal antitrust jurisdiction. The bill, championed by Senator Mike Lee, aims to remove the FTC's antitrust authority, transferring it to the DOJ. If passed, the FTC would continue to enforce consumer protection laws, but concerns have been raised regarding the potential repeal of its broad authority to protect against unfair methods of competition.