A bill to amend the Clayton Act and the Internal Revenue Code of 1954 with respect to punitive damages received by private litigants under the Clayton Act, and for other purposes.

[AI summary unavailable — showing source text] Title I: Statement of Antitrust Policy - Amends the Clayton Antitrust Act to set forth Congressional findings that private antitrust suits are a vital part of the effort to enforce the antitrust laws and that allowing a tax deduction for punitive damage payments weakens the deterrent effect of antitrust laws. Title II: Amendments to the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to disallow tax deductions for antitrust punitive damages paid or incurred by a taxpayer.…