H.R.585 - Freedom From Vertical Price Fixing Act of 1987100th Congress (1987-1988)
|Sponsor:||Rep. Rodino, Peter W., Jr. [D-NJ-10] (Introduced 01/08/1987)|
|Committees:||House - Judiciary | Senate - Judiciary|
|Committee Reports:||H.Rept 100-421|
|Latest Action:||Senate - 11/10/1987 Received in the Senate and read twice and referred to the Committee on Judiciary. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.585 — 100th Congress (1987-1988)All Information (Except Text)
(Measure passed House, amended)
Passed House amended (11/09/1987)
Freedom From Vertical Price Fixing Act of 1987 - Provides that in a civil antitrust action relating to price fixing under the Sherman Act, evidence that a seller terminated the sale or supply of goods or services to a dealer in response to a communication about price competition from a competitor of such dealer shall be sufficient to raise the inference that such manufacturer and competitor engaged in price fixing. Provides that a termination or a refusal to supply is in response to a communication if such communication is a substantial contributing cause of such termination or refusal to supply. Declares that nothing shall preclude the court from entering judgment in favor of the defendant if the court determines on the basis of all the evidence that no such inference of concerted action can reasonably be drawn by a trier of fact.
Provides that evidence that the seller and a purchaser of goods or services agreed to establish the resale price of such good or service shall be sufficient to establish that such seller and purchaser engaged in price fixing.