Senators Seek to Probe Price-Fixing in Meat Industry as Consumer Costs Rise
- Warren, Rounds want to revive century-old agency authority
- Meat industry cites coronavirus, supply chains for high prices
Photographer: Dania Maxwell/Bloomberg
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Two senators want the Federal Trade Commission to investigate the meatpacking industry under an obscure authority last invoked in the 1920s.
The joint resolution – to be introduced Thursday by Senators Elizabeth Warren, a Massachusetts Democrat, and Mike Rounds, a South Dakota Republican – would, if enacted, order the FTC to look into potential price-fixing, monopolization or other antitrust violations in the beef industry.