H.R. 3406 (112th): Discount Pricing Consumer Protection Act of 2011

112th Congress, 2011–2013. Text as of Nov 14, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 3406

IN THE HOUSE OF REPRESENTATIVES

November 14, 2011

(for himself and Mr. Conyers) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To restore the rule that agreements between manufacturers and retailers, distributors, or wholesalers to set the price below which the manufacturer’s product or service may not be sold violates the Sherman Act.

1.

Short title

This Act may be cited as the Discount Pricing Consumer Protection Act of 2011.

2.

Prohibition on minimum resale price maintenance

Any agreement setting a price below which a product or service may not be sold by a retailer, wholesaler, or distributor shall violate section 1 of the Sherman Act (15 U.S.C. 1).

3.

Effective date

This Act shall take effect 90 days after the date of the enactment of this Act.