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Bill > HB05592
CT HB05592
An Act Concerning Revisions To The Connecticut Antitrust Act To Protect Against Corporate Mergers That Harm Competition And Consumers.
summary
Introduced
01/21/2025
01/21/2025
In Committee
01/21/2025
01/21/2025
Crossed Over
Passed
Dead
Introduced Session
2025 General Assembly
Bill Summary
To adopt federal merger guidelines into the Connecticut Antitrust Act and authorize the Antitrust Section of the Office of the Attorney General to investigate and institute proceedings for alleged violations of the guidelines on behalf of the state and its residents.
AI Summary
This bill proposes to update Connecticut's Antitrust Act by incorporating federal merger guidelines into state law and expanding the powers of the state Attorney General's Antitrust Section. Specifically, the bill authorizes the Antitrust Section to investigate and take legal action against corporate mergers that potentially violate federal guidelines established by the United States Department of Justice (DOJ) and the Federal Trade Commission (FTC). The key purpose is to enhance consumer protection and maintain fair market competition by allowing state authorities to more actively challenge proposed corporate mergers that might harm economic competition. By adopting federal merger guidelines into state law, Connecticut would provide its Attorney General with additional legal tools to scrutinize and potentially block corporate mergers that could negatively impact consumers or create undue market concentration. This legislative change reflects a proactive approach to antitrust enforcement at the state level, aligning Connecticut's regulations more closely with federal standards.
Committee Categories
Justice
Sponsors (2)
Last Action
Referred to Joint Committee on Judiciary (on 01/21/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05592&which_year=2025 |
BillText | https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-05592-R00-HB.PDF |
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