HR 5630 · 115th Congress · Commerce
Economic Freedom and Financial Security for Working People Act of 2018
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.(2018-05-22)
Plain Language Summary
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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