U.S. Antitrust Laws

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U.S. Antitrust Laws

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What is Interstate Commerce Act?
 
1887: Created the Interstate Commerce Commission (ICC) to oversee railroad rates; currently regulates railroads, motor vehicles, and other frieght carriers.
What is the Sherman Antitrust Act?
 
1890: Prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form.
What is the Clayton Antitrust Act?
 
1914: Clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts.
What is the Federal Trade Commision Act?
 
19:14 Created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competition and commerce.
What is the Robinson-Patman Act?
 
1936: (a.k.a. Antiprice Discrimination Act) protects small retail businesses by prohibiting wholesalers from charging small retailers higher price than they charge large retailers and by prohibiting large retailers from setting artificially low prices.
What is the Celler-Kefauver Act?
 
1950: Amended the Clayton Act to prohibit corporate acquisitions when they substantialy decrease competition
What is the Antitrust Procedures and Penalties Act?
 
1975: Increase penalties for violating antitrust laws
What is the Parens Patriae Act?
 
1976: gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations; requires large companies to notify government of planned mergers; strengthened the federal government's power to investigate antitrust violations.