1. Short title This Act may be cited as the One Agency Act . 2. Findings Congress finds the following: (1) It is the policy of the United States to promote the vigorous, effective, and efficient enforcement of the antitrust laws. (2) The overlapping antitrust enforcement jurisdiction of the Department of Justice and the Federal Trade Commission has wasted taxpayer resources, hampered enforcement efforts, and caused uncertainty for businesses and consumers in the United States. (3) It is preferable that primary Federal responsibility for enforcing the antitrust laws of the United States be given to a single entity, and the Department of Justice is best suited to do so. 3. Definitions In this Act: (1) Antitrust laws The term antitrust laws means— (A) the Sherman Act ( 15 U.S.C. 1 et seq. ); and (B) the Clayton Act ( 15 U.S.C. 12 et seq. ). (2) Effective date The term effective date means the date described in section 6. (3) FTC The term FTC means the Federal Trade Commission. (4) FTC antitrust action The term FTC antitrust action means any investigation, litigation, administrative proceeding, or other action at the FTC that— (A) is supervised by an FTC antitrust unit; or (B) relates to the antitrust laws or unfair methods of competition under section 5 of the Federal Trade Commission Act ( 15 U.S.C. 45 ), as in effect on the day before the effective date. (5) FTC antitrust assets The term FTC antitrust assets — (A) means all electronic or tangible records and files relating to matters supervised, as well as any physical assets or equipment owned and used or retained, by an FTC antitrust unit