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CT HB07072
Bill
Status
2/25/2025
Primary Sponsor
Judiciary Committee
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AI Summary
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Adds a new provision making it unlawful for any corporation to acquire stock or assets of another corporation where the effect may substantially lessen competition or create a monopoly, with exceptions for investment-only purchases and legitimate subsidiary formations
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Authorizes the Superior Court to order corporations to divest stock or assets held in violation of antitrust law
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Expands available remedies for antitrust violations to explicitly include restitution and disgorgement, in addition to existing injunctive relief, for both the state and private parties including consumers
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Grants the Attorney General authority to accept assurances of voluntary compliance from alleged antitrust violators, which may include restitution payments
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Establishes that any subsequent violation of a voluntary compliance assurance constitutes prima facie proof of the underlying antitrust violation in Attorney General enforcement actions
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Effective date: October 1, 2025
Legislative Description
An Act Concerning Equitable Relief And Enforcement Tools Available Under The Connecticut Antitrust Act.
Last Action
Public Hearing 03/07
3/3/2025