Antitrust Reform Act: Stronger Competition, Lower Prices, and Worker Protection
This Act aims to strengthen market competition, which should result in lower prices, better quality products, and higher wages for workers. It introduces new, stricter standards for mergers and acquisitions, making it harder for large firms to eliminate smaller competitors. Citizens will also gain better protection against monopolistic practices and the ability to recover damages with interest for losses caused by unfair competition.
Key points
Stricter Merger Rules: Modifies the standard for unlawful acquisitions, making it easier to block transactions that risk reducing choice, innovation, or quality, not just those that increase prices.
Fighting Monopsony Power: Introduces provisions to combat the market power of large buyers (monopsony), protecting suppliers and workers from suppressed prices and wages.
High Civil Penalties: Allows for the imposition of substantial civil penalties (up to 15% of total US revenues) for violations of antitrust laws (Sherman Act).
Whistleblower Protection: Establishes strong anti-retaliation protection for employees reporting antitrust violations and financial rewards for whistleblowers in criminal cases.
No Forced Arbitration: Invalidates clauses in agreements that force citizens to resolve antitrust disputes through arbitration instead of court, especially in class actions.
Expired
Citizen Poll