Bill

Bill > HR7882


US HR7882

Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act


summary

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

Introduced Session

116th Congress

Bill Summary

To amend the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 to repeal the sunset provision. 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 (e.g., price fixing, bid rigging, market allocation) to the Antitrust Division of the Department of Justice. The purpose of this bill is to strengthen public and private antitrust enforcement by encouraging greater cooperation from antitrust violators with government prosecutors and private litigants.

Committee Categories

Justice

Sponsors (1)

Last Action

Referred to the House Committee on the Judiciary. (on 07/30/2020)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...