Industrial Reorganization Act

[AI summary unavailable — showing source text] Industrial Reorganization Act - Title I: Possession of Monopoly Power - Declares it to be 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 the conditions under which there shall be a rebuttable presumption that monopoly power is possessed. Requires that in those instances not covered by the provisions of this Act, the burden to prove the the possession of a monopoly power shall lie on the Industrial Reorganization Commission established under this Act. Sets forth those conditions under which a corporation shall not be required to divest monopoly power. Title II: Industrial Reorganization Commission - Defines the terms used in this title. Establishes as an independent agency the Industrial Reorganization Commission. Provides for such Commission to be directed by a Commissioner appointed by the President, by and with the advice and consent of the Senate. Stipulates that the Office of Management and Budget shall not inspect, examine or audit the records or work of the Commission. Directs the Comptroller General to conduct such review…