To amend the Clayton Act to clarify that an acquisition that tends to create a monopsony violates the Clayton Act.
United States115th CongressHR-5630House of Representatives
Updated: May 22, 2018
Summary
Economic Freedom and Financial Security for Working People Act of 2018 This bill amends the Clayton Act to establish that a corporate acquisition that tends to create a monopsony (i.e., a situation where a single buyer substantially controls the purchasing power in a market for a good or service) is a violation of antitrust law. Currently, the Clayton Act prohibits only acquisitions that would lead to a monopoly (i.e., where a single supplier of a good or service substantially controls the market).
Bill texts
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Timeline
Introduced in House
Referred to the Committee on the Judiciary, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House of Representatives
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
House of Representatives
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