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To amend the Clayton Act to clarify that an acquisition that tends to create a monopsony violates the Clayton Act.

USA115th CongressHR-5630| House 
| Updated: 5/22/2018
David N. Cicilline

David N. Cicilline

Democratic Representative

Rhode Island

Cosponsors (3)
Keith Ellison (Democratic)Jerrold Nadler (Democratic)Joseph Crowley (Democratic)

Administrative State, Regulatory Reform, and Antitrust Subcommittee, Judiciary Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline
Apr 26, 2018
Introduced in House
Apr 26, 2018
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.
May 22, 2018
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
  • April 26, 2018
    Introduced in House


  • April 26, 2018
    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.


  • May 22, 2018
    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Commerce

Competition and antitrustCorporate finance and managementLabor marketWages and earnings

To amend the Clayton Act to clarify that an acquisition that tends to create a monopsony violates the Clayton Act.

USA115th CongressHR-5630| House 
| Updated: 5/22/2018
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).
View Full Text

Suggested Questions

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Timeline
Apr 26, 2018
Introduced in House
Apr 26, 2018
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.
May 22, 2018
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
  • April 26, 2018
    Introduced in House


  • April 26, 2018
    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.


  • May 22, 2018
    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
David N. Cicilline

David N. Cicilline

Democratic Representative

Rhode Island

Cosponsors (3)
Keith Ellison (Democratic)Jerrold Nadler (Democratic)Joseph Crowley (Democratic)

Administrative State, Regulatory Reform, and Antitrust Subcommittee, Judiciary Committee, Education and Workforce Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Competition and antitrustCorporate finance and managementLabor marketWages and earnings