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S 356 102th Congress Senate Commerce Antitrust actions Antitrust law Damages Price fixing

Antitrust Claim Reduction Act of 1991

Introduced: February 5, 1991 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 1991
Referred to Subcommittee on Antitrust, Monopolies and Business.
Feb 5, 1991
Read twice and referred to the Committee on Judiciary.
Feb 5, 1991
Introduced in Senate
 Plain-English summary Congressional Research Service

Antitrust Claim Reduction Act of 1991 - Amends the Clayton Act to require the court to reduce a claim under such Act of any claimant releasing any person from liability or potential liability for such claim by the greatest of: (1) any amount stipulated for such purpose; (2) the consideration paid for the release; or (3) the actual damages fairly allocable to the person being released from liability or potential liability (or treble such actual damages to the extent such claim is for treble damages) and any interest on such actual damages.

Directs the court to presume conclusively that any person whose sales or purchases would otherwise be included in a calculation of damages based on overcharges or underpayments has been released from liability or potential liability if it has not been joined as a defendant and if it is established by the defendant that such person is legally and practically available as a party to the action to recover such damages.

Specifies that: (1) where the claim is based upon a price-fixing agreement among competitors and damages are sustained by reason of overcharges or underpayments resulting from such agreement, damages shall be allocated on the basis of each such competitor's proportionate share of the total of overcharges or underpayments; and (2) with respect to all other claims, damages shall be allocated on the basis of relative responsibility for the origination or perpetration of the violation for which damages are being awarded, with exceptions.

What's happening now March 25, 1991

Referred to Subcommittee on Antitrust, Monopolies and Business.

 Committees of jurisdiction 2