S.865 - Consumer Protection Against Price-Fixing Act of 1989101st Congress (1989-1990)
|Sponsor:||Sen. Metzenbaum, Howard M. [D-OH] (Introduced 04/19/1989)|
|Committees:||Senate - Judiciary|
|Committee Reports:||S.Rept 101-251|
|Latest Action:||03/20/1990 Star Print ordered on Report 101-251. (All Actions)|
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Summary: S.865 — 101st Congress (1989-1990)All Information (Except Text)
Reported to Senate with amendment(s) (03/08/1990)
Consumer Protection Against Price-Fixing Act of 1989 - Amends the Sherman Act to set forth evidentiary standards for price-fixing actions. Requires the court to allow the issue of concerted action to fix prices to be decided by the trier of fact if there is sufficient evidence from which a trier of fact could reasonably conclude that: (1) the supplier of a good or service received from a competitor of a reseller an express or implied suggestion, request, or demand that the supplier take steps to curtail or eliminate price competition; and (2) such communication was the major reason that the supplier terminated sales or supplies to the reseller.
Prohibits the court from allowing the trier of fact to consider whether an individual and a competitor engaged in concerted action to set prices in violation of this Act if the court determines that the trier of fact could only find concerted action by making implausible inferences.
Provides that the fact that a supplier and a reseller entered into an agreement to establish the resale price of a good or service shall be sufficient to constitute a price fixing violation, except when the agreement is to establish the maximum resale price of a good or service. Specifies that an agreement between the seller and the purchaser of a good or service to terminate another purchaser as a dealer or to refuse to supply such other purchaser because of that purchaser's pricing policies violates this Act, regardless of whether or not a specific price or price level is agreed upon.