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CT HB07072

Bill

Status

Introduced

2/25/2025

Primary Sponsor

Judiciary Committee

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • 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

  • Authorizes the Superior Court to order corporations to divest stock or assets held in violation of antitrust law

  • 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

  • Grants the Attorney General authority to accept assurances of voluntary compliance from alleged antitrust violators, which may include restitution payments

  • Establishes that any subsequent violation of a voluntary compliance assurance constitutes prima facie proof of the underlying antitrust violation in Attorney General enforcement actions

  • 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

Committee Referrals

Judiciary2/25/2025

Full Bill Text

No bill text available