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US S4346

Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act


summary

Introduced
07/28/2020
In Committee
Crossed Over
07/30/2020
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act This bill permanently authorizes and restores into effect the Antitrust Criminal Penalty Enhancement and Reform Act (ACPERA) of 2004. ACPERA, which expired on June 22, 2020, provides incentives (e.g., limitations on civil liability) for corporations to self-report criminal conduct to the Antitrust Division within the Department of Justice.

AI Summary

This bill permanently authorizes and restores the Antitrust Criminal Penalty Enhancement and Reform Act (ACPERA) of 2004, which had previously expired on June 22, 2020. ACPERA provides incentives, such as limitations on civil liability, for corporations to self-report criminal antitrust conduct (like price-fixing, bid-rigging, and market allocation) to the Department of Justice's Antitrust Division. The bill's purpose is to strengthen public and private antitrust enforcement by maintaining these cooperation incentives, which are important for the Antitrust Division's efforts to prosecute and deter anti-competitive practices. The bill also includes technical and conforming amendments to revive and restore the relevant sections of ACPERA.

Sponsors (4)

Last Action

Held at the desk. (on 07/30/2020)

bill text


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