State Attorneys General often investigate antitrust violations – ranging from price fixing to anticompetitive mergers – in conjunction with the federal antitrust enforcement agencies (the U.S. Department of Justice and the Federal Trade Commission).
Full Answer
The Enforcers The Federal Government Both the FTC and the U.S. Department of Justice (DOJ) Antitrust Division enforce the federal antitrust laws. In some respects their authorities overlap, but in practice the two agencies complement each other. Over the years, the agencies have developed expertise in particular industries or markets.
Vic Domen, Senior Antitrust Counsel, Tennessee Attorney General’s Office, Nashville, TN (Chair, National Association of Attorneys General Multistate Antitrust Task Force) Jennifer Thomson, Senior Deputy Attorney General, Antitrust Section, …
State attorneys general have a rich history of antitrust enforcement. Expressly authorized to enforce federal antitrust laws in federal court, state attorneys general also enforce their own state antitrust statutes. Attorneys General often work on a multistate basis with each other and with the United States Department of Justice Antitrust Division, the Federal Trade Commission, …
Oct 06, 2021 · Many state attorney general offices have departments devoted to antitrust actions, with those units (1) accepting responsibility for investigating any activity that appears to violate the laws, (2) taking legal action seeking to enjoin alleged anticompetitive practices, and (3) seeking damages or criminal penalties against parties that they ...
Both the FTC and the U.S. Department of Justice (DOJ) Antitrust Division enforce the federal antitrust laws.
The Federal Trade Commission Act created a new government agency, the FTC, which enforces antitrust laws and adjudicates disputes under the antitrust laws under the Federal Trade Commission Act in addition to other activities.
In the United States, the federal government enforces antitrust laws and regulations to try to maintain effective level of competition. Price discrimination is the practice of setting prices to maximize profit.
The Antitrust Division promotes economic competition through enforcing and providing guidance on antitrust laws and principles.
The DOJ is one of the agencies responsible for enforcing federal antitrust laws. The Federal Trade Commission (FTC) is the other.
What does the enforcement of antitrust laws do? The FTC's competition mission is to enforce the rules of the competitive marketplace — the antitrust laws. These laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices.
The FTC's Bureau of Competition, working in tandem with the Bureau of Economics, enforces the antitrust laws for the benefit of consumers. The Bureau of Competition has developed a variety of resources to help explain its work.
the U.S. Department of JusticeThe Sherman Antitrust Act comprises two main provisions that prohibit interferences with trade and economic competition and that make illegal the attempt to monopolize any part of trade or commerce. These provisions are enforceable by the U.S. Department of Justice.Mar 9, 2022
The Commission enforces various antitrust laws under Section 5(a) of the FTC Act as well as the Clayton Act. The FTC monitors all its orders to ensure compliance. The FTC conducts regular reviews of all its rules and guides on a rotating basis to make sure they are up-to-date, effective, and not overly burdensome.
The Clayton Antitrust Act of 1914 continues to regulate U.S. business practices today. Intended to strengthen earlier antitrust legislation, the act prohibits anticompetitive mergers, predatory and discriminatory pricing, and other forms of unethical corporate behavior.
What is an anti-trust legislation? Prevents/controls trusts or other monopolies; promotes competition in business.
The purpose of antitrust law is to reduce competition. Any activity that substantially affects interstate commerce falls outside the scope of antitrust laws.
The best source for comprehensive information about state attorney general antitrust authority and action can be found at the National State Attorney General (NAAG) website:
The best resource for tracking specific multistate cases and settlements, including actual court filings, is the website maintained by Marquette Political Science Professor Paul Nolette:
The best compilation of materials that outline state antitrust authority and practice, including a robust discussion of both single state and multistate actions, was created for the “Antitrust Bootcamp” held at Loyola University of Chicago School on July 16-17, 2019.
Renata Hasse, Acting Assistant Attorney General, Antitrust Division, U.S. Dept. of Justice, Protecting Competition Across 50 United States: Advocacy and Cooperation in Antitrust Enforcement, Address Before the American Bar Association Fall Forum (Nov. 17, 2016).
For additional resources on antitrust, see the Antitrust section of the National State Attorneys General Program (AGP) archive: