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H.R. 5630

Economic Freedom and Financial Security for Working People Act of 2018

Economic Freedom and Financial Security for Working People Act of 2018

This bill amends the Clayton Act to establish that a corporate acquisition that tends to create a monopsony (i.e., a situation where a single buyer substantially controls the purchasing power in a market for a good or service) is a violation of antitrust law. Currently, the Clayton Act prohibits only acquisitions that would lead to a monopoly (i.e., where a single supplier of a good or service substantially controls the market).

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Rep. Cicilline, David N. [D-RI-1](D-RI)Sponsor
3 cosponsors3 D
3cosponsors2committees5actions4subjects
  1. Committee

    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

    Administrative State, Regulatory Reform, and Antitrust Subcommittee
  2. IntroReferralH11100

    Referred to the Committee on the Judiciary, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Education and the Workforce Committee
  3. IntroReferralH11100

    Referred to the Committee on the Judiciary, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Judiciary Committee
  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House

Economic Freedom and Financial Security for Working People Act of 2018 — Informed