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S 2352 102th Congress Senate Commerce Antitrust actions Antitrust law Civil actions and liability Damages Foreign Trade and International Finance Frivolous lawsuits Import relief Interest Legal fees Nontariff trade barriers Restrictive trade practices

A bill to provide a cause of action for parties injured in United States commerce as a result of anticompetitive barriers to United States competition abroad.

Introduced: March 13, 1992 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 1992
Indefinitely postponed by Senate by Unanimous Consent.
Mar 26, 1992
Referred to Subcommittee on Antitrust, Monopolies and Business.
Mar 13, 1992
Read twice and referred to the Committee on Judiciary.
Mar 13, 1992
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Sherman Act to create a civil cause of action by an injured party against a person who obtains benefits from anticompetitive market protection (i.e., conduct that violates the laws of a foreign jurisdiction prohibiting unreasonable restraints of trade and that inhibits competition by U.S. persons in such jurisdiction) and employs such benefits in interstate or import commerce of the United States, thereby causing injury to the business or property of another party engaged in such commerce. Makes such person liable for actual damages and the cost of the suit, including attorney fees.

Authorizes the court to award simple interest on actual damages for the period beginning on the date of service of the complaint and ending on the date of judgment, or for any shorter period, if the court finds that such award is just under the circumstances (based on whether the plaintiff or defendant made motions or asserted a claim or defense so lacking in merit as to show that the party acted in bad faith; violated any rule, statute, or court order providing for sanctions for dilatory behavior or otherwise providing for expeditious proceedings; or engaged in conduct primarily for the purpose of delay or increasing the cost of litigation).

What's happening now October 7, 1992

Indefinitely postponed by Senate by Unanimous Consent.

 Committees of jurisdiction 2