HR 5630 · 115th Congress · Commerce

Economic Freedom and Financial Security for Working People Act of 2018

Introduced 2018-04-26· Sponsored by Rep. Cicilline, David N. [D-RI-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.(2018-05-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Democrats