S.2028 - Competition Improvements Act94th Congress (1975-1976)
|Sponsor:||Sen. Kennedy, Edward M. [D-MA] (Introduced 06/26/1975)|
|Committees:||Senate - Judiciary; Commerce|
|Committee Reports:||S.Rept 94-1045|
|Latest Action:||Senate - 07/21/1976 Referred to Senate Committee on Commerce. (All Actions)|
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Summary: S.2028 — 94th Congress (1975-1976)All Information (Except Text)
(Reported to Senate from the Committee on Judiciary with amendment, S. Rept. 94-1045)
Reported to Senate with amendment(s) (07/21/1976)
Competition Improvements Act - Declares the findings of Congress that the private enterprise system and a free market economy are the fundamental economic policy of the Nation and that anticompetitive behavior in regulated industries caused by policies of Federal departments and agencies have had significant adverse effects on the national economy.
States that it is the purpose of this Act to strengthen and facilitate the application of antitrust and pro competitive policies by Federal agencies.
Prohibits Federal agencies from taking action which tends to lessen competition except in specified circumstances. Provides for the Attorney General and the Federal Trade Commission to advise the agencies on the validity of exceptions to this Act.
Requires each independent regulatory agency to devise procedures whereby the Attorney General will receive timely and adequate notice of important agency actions which may have a significant impact on competition.
Places the burden of proof upon the agency to establish by substantial evidence that it has complied with the standard asserted in this Act in any proceeding for judicial review of such agency's order.
Requires Federal departments and agencies to insure the integration of antitrust law and policy in all activities which may have an impact on competition.
Requires each Federal department and agency to review its statutory authority, administrative regulations, policies, practices and procedures to determine whether they contain any deficiencies or inconsistencies whicy may prevent full compliance with the purpose of this Act. Requires the departments and agencies to recommend such measures to the President and to the Congress, as may be necessary, to carry out the purposes of this Act.
Requires the Federal Trade Commission to report annually to the President and to Congress on the degree to which Federal agencies have complied with the purposes of this Act.