H.R. 2675: Antitrust Criminal Penalty Enhancement and Reform Act of 2004 Extension Act

H.R. 2675

Antitrust Criminal Penalty Enhancement and Reform Act of 2004 Extension Act

Date
June 9, 2009 (111th Congress, 1st Session)

Staff Contact
Communications

Floor Situation

The House is scheduled to consider H.R. 2675 on Tuesday, June 9, 2009, under suspension of the rules, requiring a two-thirds majority vote for passage. H.R. 2675 was introduced on June 3, 2009, by Rep. Hank Johnson (D-GA) and referred to the Committee on the Judiciary, which took no official action.

Bill Summary

H.R. 2675 would extend certain penalties on criminal antitrust violations. The bill would extend current law that is set to expire on June 22, 2009, and increase the maximum sentence for antitrust violations from three years to ten years and the maximum fine from $350,000 to $1 million for individuals, and from $10 million to $100 million for corporations. The bill would extend the penalties for one year, through June 22, 2009.

Background

The 2004 Standards Development Organization Advancement Act increased the penalties for violations of antitrust laws. The increased penalties are set to expire on June 22, 2009.

Cost

A CBO score for H.R. 2675 was not yet available at press time.