Senators Elizabeth Warren (D., Mass.) and Jim Banks (R., Ind.) are urging the Federal Trade Commission (FTC) to investigate private equity's past rollups of firetruck manufacturers. The lawmakers aim to introduce a resolution calling for an examination of potential antitrust law violations within the firetruck industry.

This move comes amid growing concerns about firetruck shortages and increasing prices. The private equity sector has faced increasing scrutiny in various markets, and this investigation highlights a new area of focus.

The resolution seeks a report from the FTC detailing any anti-competitive practices that may have contributed to the current market conditions. The goal is to understand how these industry consolidations have impacted supply and cost.