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Econ. Antitrust laws

QuestionAnswer
Interstate Commerce Act 1887 created the Interstate Commerce Commission (ICC) to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers.
Sherman Antitrust Act 1890 prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form.
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.
Federal Trade Commission Act 1914 created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competition and commerce.
Robinson-Patman Act 1936 protects small retail businesses by prohibiting wholesalers from charging small retailers higher prices than they charged larger retailers and by prohibiting larger retailers from setting artificially low prices.
Celler-Kefauver Act 1950 amended the Clayton Act to prohibit corporate acquistions when they substantially decrease competition.
Antitrust Procedures and Penalties Act 1975 increased penalties for violating antitrust laws
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 the govt of planned mergers; strengthened the federal govt's power to investigate antitrust violations.
Created by: travelgirl
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