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Bill > SF1766


MN SF1766

MN SF1766
Penalties for antitrust violations increase


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to judiciary; increasing penalties for antitrust violations; amending Minnesota Statutes 2022, section 325D.56.

AI Summary

This bill increases the penalties for antitrust violations in Minnesota. Specifically, it raises the maximum civil penalty for violating the state's antitrust laws from $50,000 to $150,000, and the maximum civil penalty for failing to comply with a court order related to an antitrust violation from $100,000 to $300,000. Additionally, the bill increases the maximum criminal fine for willfully committing antitrust violations from $50,000 to $150,000. These changes are intended to strengthen the enforcement of Minnesota's antitrust laws and deter anticompetitive behavior.

Committee Categories

Justice

Sponsors (5)

Last Action

Referred to Judiciary and Public Safety (on 02/16/2023)

bill text


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