Bill > A02015

This bill, known as the "Twenty-First Century Anti-Trust Act," significantly updates New York's anti-trust laws to address modern corporate power dynamics. It expands the definition of monopolistic and anti-competitive practices to include unilateral actions by dominant firms that harm market competition, workers, consumers, and small businesses. The bill introduces new provisions that make it easier to establish a company's dominant market position, including presumptions based on market share (40% for sellers, 30% for buyers) and allowing direct evidence of market dominance. It broadens the scope of illegal restraints, such as exclusive dealing requirements, price restrictions, and limitations on worker mobility. The legislation empowers the Attorney General to create rules defining unfair competition and allows for class action lawsuits by anyone harmed by anti-competitive practices. The bill also increases potential penalties, including raising criminal fines to $1 million for individuals and extending the statute of limitations for prosecuting anti-trust violations from three to five years. Additionally, it requires companies involved in significant mergers to notify the Attorney General and provides a process for workers to comment on potential transactions that might affect labor markets.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A2015