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H.R. 7036 (116th): Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act


The text of the bill below is as of May 27, 2020 (Introduced).


I

116th CONGRESS

2d Session

H. R. 7036

IN THE HOUSE OF REPRESENTATIVES

May 27, 2020

(for himself, Mr. Nadler, Mr. Cicilline, Mr. Jordan, and Mr. Sensenbrenner) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To amend the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 to repeal the sunset provision.

1.

Short title

This Act may be cited as the Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act.

2.

Findings; purpose

(a)

Findings

Congress finds the following:

(1)

Conspiracies among competitors to fix prices, rig bids, and allocate markets are categorically and irredeemably anticompetitive and contravene the competition policy of the United States.

(2)

Cooperation incentives are important to the efforts of the Antitrust Division of the Department of Justice to prosecute and deter the offenses described in paragraph (1).

(b)

Purpose

The purpose of this Act, and the amendments made by this Act, is to strengthen public and private antitrust enforcement by providing incentives for antitrust violators to cooperate fully with government prosecutors and private litigants through the repeal of the sunset provision of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note).

3.

Repeal of sunset provision

(a)

In general

Section 211 of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note) is repealed.

(b)

Technical and conforming amendments

Section 212 of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note) is amended—

(1)

by striking paragraph (6); and

(2)

by redesignating paragraph (7) as paragraph (6).