Antitrust Procedures and Penalties Act

[AI summary unavailable — showing source text] Antitrust Procedures and Penalties Act - Provides that any consent decree proposed by the United States must be filed with the court in which the case is pending and simultaniously published in the Federal Register at least sixty days prior to the effective date of the decree. States that simultaneously with such filing the Government must file a "public impact statement" containing the following: (1) the nature and purpose of the proceeding; (2) a description of the practices or events giving rise to the alleged violation of the antitrust laws; (3) an explanation of the proposed judgment, the relief to be obtained therby, the anticipated effects on competition of that relief and an explanation of any special circumstances giving rise to the proposed judgment or any provision contained therein; (4) the remedies available to potential private plaintiffs damaged by the alleged violation in the event that the judgment is entered; (5) a description of the procedures available for modification of the judgment; (6) a description and evaluation of alternatives to the proposed judgment and the anticipated effects on competition of such alternatives. Lengthens the present thirty-day public …