HR 5630
115th Congress
House
Commerce
Competition and antitrust
Corporate finance and management
Labor market
Wages and earnings
Economic Freedom and Financial Security for Working People Act of 2018
Introduced: April 26, 2018
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2018
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Apr 26, 2018
Referred to the Committee on the Judiciary, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 26, 2018
Introduced in House
Plain-English 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).
What's happening now
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Committees of jurisdiction
3
Cosponsors
1