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Heather Econ

U.S. Antitrust Legislation Laws

QuestionAnswer
The Interstate Commerce Act of 1887 It Created the INterstate Commerce Commission (ICC) to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers.
The Sherman Antitrust Act of 1890 It prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form.
The Clayton Antitrust Act of 1914 Clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local prices cutting, mergers that reduce competition, and exclusive sales contracts.
The Federal Trade Commission Act of 1914 Created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competition and commerce.
The Robinson-Patman Act of 1936 Protects small retail businesses by prohibiting wholesales from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers from setting artificially low prices.
The Celler-Kefauver Act of 1936 Amended the Clayton Act to prohibit coporate acquisitiuons when they substantially decrease competition.
The Antitrust Procedures and Penalties Act of 1975 Increased penalties for violating antitrust laws.
THe Parens Patriae Act of 1976 Gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations; requires large companies to notify the government of planned mergers.
Created by: shinnyy13
 

 



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