To specify the standards governing claims of consciously parallel pricing coordination in civil actions under the Sherman Act, and to clarify the meaning of contract, combination in the form of trust or otherwise, or conspiracy under the Sherman Act.
Summary
What This Bill Does
The bill requires purpose The purpose of this Act is to clarify and amend the law with respect to— the illegality of consciously parallel pricing coordination under sections 1 and 3(a) of the Sherman Act (15 U.S.C, requires findings The American economy is built on the foundations of open markets and fair competition, and defines consciously parallel pricing coordination The term consciously parallel pricing coordination means a tacit agreement among two or more persons to raise, lower, change, maintain, or manipulate pricing for. It relies on liability protections, compliance mandates, product standards, and procurement rules. The main policy areas are Regulated Industries, Finance, and Criminal Justice.
Who Benefits and How
Businesses and employers affected by the bill could face lower compliance burdens, Public beneficiaries or protected communities affected by the clause could face reduced risk, and Regulated entities and members of the public affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires purpose The purpose of this Act is to clarify and amend the law with respect to— the illegality of consciously parallel pricing coordination under sections 1 and 3(a) of the Sherman Act (15 U.S.C.
- Requires findings The American economy is built on the foundations of open markets and fair competition.
- Defines consciously parallel pricing coordination The term consciously parallel pricing coordination means a tacit agreement among two or more persons to raise, lower, change, maintain, or manipulate pricing for...
- Creates clarifying the meaning of contract, combination in the form of trust or otherwise, or conspiracy A tacit agreement is a form of contract, combination in the form of trust or otherwise, or conspiracy under...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires purpose The purpose of this Act is to clarify and amend the law with respect to— the illegality of consciously parallel pricing coordination under sections 1 and 3(a) of the Sherman Act (15 U.S.C, requires findings The American economy is built on the foundations of open markets and fair competition, and defines consciously parallel pricing coordination The term consciously parallel pricing coordination means a tacit agreement among two or more persons to raise, lower, change, maintain, or manipulate pricing for.
Key Policy Areas
Regulated Industries, Finance, Criminal Justice
Primary Purpose
The bill requires purpose The purpose of this Act is to clarify and amend the law with respect to— the illegality of consciously parallel pricing coordination under sections 1 and 3(a) of the Sherman Act (15 U.S.C, requires findings The American economy is built on the foundations of open markets and fair competition, and defines consciously parallel pricing coordination The term consciously parallel pricing coordination means a tacit agreement among two or more persons to raise, lower, change, maintain, or manipulate pricing for.
Policy Domains
Whole bill
Identified Gains
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Law enforcement, justice-system actors, and affected communities
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMs. Porter (for herself, Mr. Nadler, Mr. Cicilline, and Ms. …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology