Bill > SB763

This bill amends the Cartwright Act, which regulates business trusts and conspiracies against trade, by significantly increasing penalties for violations. Specifically, the bill reduces the maximum corporate fine from $100 million to $6 million, increases the potential prison term for individual violators from 1-3 years to 2-5 years, and raises the maximum fine for individuals from $250,000 to $1 million. The bill also introduces a new $1 million civil penalty that can be assessed for each violation of the act, which will be determined by a court or jury based on factors such as the nature and severity of the misconduct, number of violations, persistence, willfulness, and the defendant's financial status. Additionally, the bill clarifies that the remedies and penalties provided under this law are cumulative and can be combined with other state law penalties. If the Commission on State Mandates determines that the bill imposes state-mandated costs, local agencies and school districts will be reimbursed according to existing statutory procedures.

Budget and Finance, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB763