1. Short Title This Act may be cited as the 21st Century Competition Commission Act of 2017 . 2. Findings and sense of Congress (a) Findings Congress finds the following: (1) There is substantial evidence showing that competition has declined across the American political economy, resulting in concentrated control and ownership across sectors. (2) This structural lack of competition is contributing to a host of harms, including greater wealth inequality, less innovation, less entrepreneurship, and less resiliency, with outsized harmful effects on minority and rural populations. (b) Sense of Congress It is the sense of Congress that— (1) while it is clear that the monopoly problem in the United States is threatening the economy and democracy of the United States, additional information will help reveal the full scope of the problem and help guide industry-specific policy efforts; (2) insufficient and permissive enforcement by the Department of Justice and the Federal Trade Commission necessitates that Congress convene this information-gathering exercise as a form of oversight; and (3) gathering and producing information will aid law enforcement by the Department of Justice, the Federal Trade Commission, and Attorneys General of the States, and litigation efforts by private parties. 3. Commission established (a) Establishment There is established the National Commission on Economic Concentration (hereinafter referred to as the Commission ). (b) Duties (1) Study The Commission shall conduct a study of economic concentration to determine the following: (A) The extent of concentration in aggregate and in specific markets in specific sectors. (B) The extent of vertical integration in specific sectors and the effects of increasing vertical integration on commerce within such sectors. (C) The extent to which changes in concentration and integration correspond to changes in— (i) profits; (ii) innovation; (iii) productivity; (iv) new business formation; (v) distribution of wealth and income; (vi) wages; (vii) employment