The legislation would help protect small businesses from unfair competition by requiring the Department of Justice and the Federal Trade Commission to work with the Small Business Administration to submit an annual report to Congress on the impact of anti-trust laws, the agencies’ ability to assist small businesses, and relevant policy recommendations.
Introduce legislation requiring the Department of Justice and the Federal Trade Commission, working with the Small Business Administration, to submit annual reports to Congress on the impact of antitrust laws, agency assistance to small businesses, and related policy recommendations.
Occurrences
Evidence
The official House homepage for Derek Schmidt says the Main Street Competes Act, described there as bipartisan legislation introduced by Schmidt and Hillary Scholten, passed unanimously out of the House Small Business Committee on May 21, 2026.
Congress.gov's member activity page for Derek Schmidt lists H.R. 5977, the Common Repository for Small Businesses Act, as introduced on 2025-11-07 and still marked Introduced.
The House Small Business Committee listed H.R. 8882, the Main Street Competes Act, as introduced by Reps. Scholten and Schmidt. The committee summary said the bill requires the SBA Office of Advocacy to provide recommendations to Congress on how federal antitrust enforcement affects small business competitiveness, based on DOJ and FTC data, and that it was reported favorably 23-0.
The House Small Business Committee said the House passed H.R. 8882, the Main Street Competes Act, on June 23, 2026. Its summary said the bill requires the Office of Advocacy to report recommendations to Congress on how federal antitrust enforcement actions affect small business competitiveness, based on data provided by DOJ and FTC.
Rep. Derek Schmidt's official House homepage described the Main Street Competes Act as bipartisan legislation introduced by U.S. Representatives Derek Schmidt and Hillary Scholten and said the House passed it on June 23, 2026.
The House Small Business Committee announced a full committee markup for May 20, 2026, and listed H.R. ____ - Main Street Competes Act among the nine bills to be marked up.
Congress.gov identifies Derek Schmidt as a Republican House member from Kansas's 2nd District serving in the 119th Congress beginning in 2025.
Assessments
Schmidt co-introduced the Main Street Competes Act with Rep. Scholten during his current House term. Official committee evidence ties H.R. 8882 to the core promised mechanism: Congress-facing reporting and recommendations on how DOJ and FTC antitrust enforcement affects small business competitiveness, with SBA's Office of Advocacy involved. The bill also advanced through committee and passed the House on June 23, 2026. Because the promise was to introduce this legislation, not necessarily enact it, the outcome is best treated as delivered in the same term despite minor source-summary ambiguity about every detailed reporting element.
Schmidt appears to have made a real legislative effort in the same policy area during his current term: his House site says he co-introduced the Main Street Competes Act, and Congress.gov shows another small-business bill he introduced. But the evidence does not confirm the specific mandate in the claim, namely annual DOJ/FTC/SBA reports to Congress, or that such a bill became law. That supports partial credit rather than full delivery.