Republican Senators Mike Lee and Chuck Grassley introduced a bill on Tuesday that would move all antitrust enforcement to the Justice Department, stripping the Federal Trade Commission and Federal Communications Commission of antitrust authority, Lee's office said on Monday.

The Justice Department's Antitrust Division and the FTC currently divide up the work of antitrust enforcement, with the FCC weighing in on telecommunications deals.

There is no companion legislation in the Democratic-led U.S. House of Representatives. Democrats control the evenly divided Senate because of Vice President Kamala Harris' tie-breaking vote.

FCC IN FIREFIGHT OVER NEW PROPOSED INTERNET RULES

The measure, introduced by Grassley, the top Republican on the Senate Judiciary Committee, and Lee, the top Republican on the committee's antitrust panel, would also ban any merger that results in a market share of more than 66% unless needed to prevent "serious harm" to the U.S. economy, according to a summary.

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