Clayton antitrust actunited states 1914 source for information on clayton antitrust act: st james encyclopedia of labor history worldwide: major events in labor history and their impact dictionary. Price discrimination the clayton act expressly prohibits price discrimination between different purchasers, if such discrimination tends to create a. Clayton anti-trust act jmoc1967 loading unsubscribe from jmoc1967 clayton antitrust act - duration: 4:08 rachel miyagawa 2,654 views. Definition of clayton act: a 1914 amendment to the sherman antitrust act that prohibits business practices that impair fair competition. On june 30, 2016, the federal trade commission (“ftc”) announced increases to the maximum civil penalties issuable for violations of several key competition statutes.
In addition, subject to some exceptions, the clayton act prohibits individuals from being a director for two or more competitors. The sherman antitrust act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade the clayton act regulates general practices that potentially may be detrimental to fair competition. The clayton antitrust act is a us amendment designed to promote business competition and prevent the formation of monopolies.
Clayton act a federal law enacted in 1914 as an amendment to the sherman anti-trust act (15 usca § 1 et seq ), prohibiting. Clayton act section 8 interlocking directorates antitrust practice group lunch meeting october 23, 2008 chris compton. Key takeaways the clayton act was passed in 1914 and adds detail to the sherman act the ftc, which has authority to enforce the clayton act, as well as engage in other consumer protection activities, was created the same year. The clayton antitrust act of 1914, codified at 15 usc 12-27, outlaws the following conduct:price discriminationconditioning sales on exclusive dealingmergers and acquisitions when they may substantially reduce competitionserving on the board of directors for two competing companies.
In 1914, congress passed two additional antitrust laws: the federal trade commission act, which created the ftc, and the clayton act with some revisions,. The political seed for the clayton act (38 stat 730) was sown in the 1912 presidential election, a three-way contest between william howard taft, the incumbent republican woodrow wilson, the democrat challenger and theodore roosevelt, running for his old job on the progressive party, or bull. Passed by the us congress as an amendment to clarify and supplement the sherman antitrust act of 1890 it was drafted by henry de lamar clayton the act prohibited exclusive sales contracts, local price cutting to freeze out competitors, rebates. Clayton act summary of clayton act an act of congress, passed in 1914, that expands upon the antitrust (read this and related legal terms for further details) provisions of the sherman act by making it illegal for firms to engage in price discrimination and exclusive dealing arrangements, and forbidding interlocking directorates.
The clayton anti-trust act brian gongol the clayton anti-trust act, approved in 1914, expanded the government's role in regulating business and helped to set the foundation for most of the regulation of business competition with which we're familiar today. Learn clayton antitrust act with free interactive flashcards choose from 203 different sets of clayton antitrust act flashcards on quizlet. Sherman antitrust act, 15 usc §§ 1-7 antitrust division page ii-5 clayton act § 11, 15 usc § 21 enforcement provisions clayton act § 12.
- Definition of clayton antitrust act: an amendment, passed by the us congress in 1914,.
- Antitrust watch antitrust watch in-depth analysis and commentary on major developments in global antitrust and competition law clayton act section 3.
- For classification of the clayton act to the code, is act feb 12, 1913, ch 40, 37 stat 667, as amended, which is classified to sections 8 and 11 of this title.
The clayton antitrust act of 1914 and its later amendments greatly strengthened the monopoly busting sherman antitrust act of 1890. Consumer standing under section 4 of the clayton act: reiter v sonotone corp'—section 4 of the clayton act 2 provides that any person injured in. What is the clayton act antitrust law. A successor to the sherman antitrust act, the clayton antitrust act was enacted to further complement and strengthen the anti trust laws check out the article for more.