Loading chat...

US SB130

Bill

Status

Introduced

1/16/2025

Primary Sponsor

Amy Klobuchar

Click for details

Origin

Senate

119th Congress

AI Summary

  • Lowers the merger standard under the Clayton Act from "substantially lessen competition" to "appreciable risk of materially lessening competition," and creates presumptions against acquisitions exceeding $5 billion or involving firms with over 50% market share or $100 billion in assets

  • Establishes new prohibitions on "exclusionary conduct" by dominant firms (those with over 50% market share), with civil penalties up to 15% of total U.S. revenues or 30% of affected market revenues for violations

  • Authorizes civil penalties for Sherman Act violations (previously only criminal penalties existed) and allows the FTC to seek civil penalties for antitrust violations in federal court

  • Creates new FTC offices including an Office of Competition Advocate and Office of Market Analysis and Data, and authorizes $535 million for DOJ Antitrust Division and $725 million for the FTC in fiscal year 2025

  • Adds whistleblower protections and financial rewards (10-30% of criminal fines exceeding $1 million), prohibits forced arbitration in antitrust class actions, and allows plaintiffs to recover prejudgment interest on treble damages

Legislative Description

Competition and Antitrust Law Enforcement Reform Act of 2025

Commerce

Last Action

Read twice and referred to the Committee on the Judiciary.

1/16/2025

Committee Referrals

Judiciary1/16/2025

Full Bill Text

No bill text available
Bill Not Found | Vulcan Bills