Antitrust Procedures and Penalties Act

[AI summary unavailable — showing source text] Antitrust Procedures and Penalties Act - Revises the procedures relating to the entry by the United States in U.S. District Court of proposals for consent judgments for antitrust violations. States that simultaneously with the filing of any such proposal, unless otherwise instructed by the court, the United States shall file with the district court, publish in the Federal Reigster, and thereafter furnish to any person upon request, a competitive impact statement which shall recite: (1) the nature and purpose of the proceeding; (2) a description of the practices or events giving rise to the alleged violation of the anitrust laws; (3) an explanation of the proposed judgment, relief to be obtained thereby, and the anticipated effects on competition of such relief; (4) the remedies available to potential private plaintiffs damaged by the alleged violation in the event that such proposal for the consent judgment is entered in such proceeding; (5) a description of the procedures available for modification of such proposal; and (6) a description and evaluation of alternatives to such proposal actually considered by the United States. Stipulates that before entering any consent judgement p…