H.R. 5630 · 115th Congress
Economic Freedom and Financial Security for Working People Act of 2018
- Stage
- In committee
- Sponsor
- David Cicilline
- Introduced
- 2018-04-26
- Latest action
- 2018-05-22 · Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
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).