Sen. Josh Hawley (R-MO) has introduced the Strengthening Antitrust Enforcement for Meatpacking Act to break up meatpacking and poultry monopolies.
The legislation comes following Tyson Foods’ announcement that it will shutter its poultry plants in southern Missouri, eliminating more than 2,000 jobs, Hawley said in a news release.
“Today’s meatpacking monopolists are making massive profits while shutting down competition,” Hawley said. “Congress must give antitrust prosecutors the power to end anti-competitive behavior without lengthy court battles. It’s time to hold monopolies accountable and empower farmers.”
The bill would establish thresholds for market concentration and disincentivize packers from buying up competitors.
