Industrial Reorganization Act

[AI summary unavailable — showing source text] Industrial Reorganization Act - Title I: Possession of Monopoly Power - Makes it unlawful for any corporation or two or more corporations, whether by agreement or not, to possess monopoly power in any line of commerce in any section of the country or with foreign nations. Sets forth rebuttable presumptions that monopoly power is possessed by a corporation or corporations. States that in other instances the burden shall lie on the Industrial Reorganization Commission established under this Act to prove the possession of monopoly power. Title II: Industrial Reorganization Commission - Establishes an independent agency to be known as the Industrial Reorganization Commission. Provides that the Commission shall be under the direction and supervision of a Commissioner, who shall be appointed by the President, by and with the advice and consent of the Senate, for a term of seven and one-half years. Provides that the Commission shall terminate its operations fifteen years after the date of enactment of this Act, and the functions, jurisdiction, powers, and duties of the Commission shall be transferred to the Federal Trade Commission. Provides that the Commission shall study the structure, …