The Clayton Antitrust Act is a United States federal law enacted in 1914 that strengthens and extends the prohibitions on anticompetitive business practices found in the earlier Sherman Antitrust Act. It specifically addresses practices such as price discrimination, exclusive dealing arrangements, tying arrangements, and mergers or acquisitions that may substantially lessen competition, and it exempted labor unions from being treated as illegal combinations in restraint of trade. The Act also authorized private parties injured by antitrust violations to sue for treble damages, giving individuals and businesses a direct role in antitrust enforcement.
Facts
EraSourced to the subject's own account Promulgated BySourced to the subject's own accountUnited States Congress. 1 Jurisdiction ScopeSourced to the subject's own accountUnited States federal law, nationwide. 1 Regulatory DomainSourced to the subject's own accountAntitrust law; targets anticompetitive practices in their incipiency, supplementing the Sherman Antitrust Act. 1 Classification
Legal StatusSourced to the subject's own account Jurisdiction Scope
Jurisdiction Scope (category)Sourced to the subject's own account Era
Era (category)Sourced to the subject's own account20th Century (1900-1999) 1 Connections
Associated With
the EU Merger Regulation is the EU counterpart to US merger review under the Clayton Antitrust Act
The Clayton Antitrust Act of 1914 supplemented the Sherman Antitrust Act general prohibitions with specific named practices.
Source Sherman Antitrust Act (Wikipedia)
In Legal System
United States federal statute, within the common law tradition.
Source Major Legal Systems in the World TodayRene David and John E.C. Brierley
Sources
1. Clayton Antitrust Act (Wikipedia)
WikipediaIntroduction
L. 63-212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12-27, 29 U.S.C. §§ 52-53) is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency.
In Group: United States Antitrust Statutes, Introduction, sentence 1
The Clayton Antitrust Act of 1914 (Pub. L. 63-212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12-27, 29 U.S.C. §§ 52-53) is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency.
View the Source Major Legal Systems in the World Today
Rene David and John E.C. Brierley, Stevens and Sons, 1985In Legal System: Law of the United States
Sherman Antitrust Act (Wikipedia)
WikipediaAssociated With: Sherman Antitrust Act
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