Search results
Results from the WOW.Com Content Network
What Is the Clayton Antitrust Act? The Clayton Antitrust Act is a piece of legislation, passed by the U.S. Congress and signed into law in 1914, that defines unethical business...
The Clayton Antitrust Act of 1914 (Pub. L. 63–212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12–27, 29 U.S.C. §§ 52–53), is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency.
The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, is one of the primary pieces of antitrust legislation in the United States. This act was designed to bolster the Sherman antitrust Act and outlaws the following conduct: serving on the board of directors for two competing companies.
Clayton Antitrust Act, law enacted in 1914 by the United States Congress to clarify and strengthen the Sherman Antitrust Act. Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conductive to the formation of monopolies or that result from them.
In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton Act. With some revisions, these are the three core federal antitrust laws still in effect today.
An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes.
Recognizing the need to clarify and strengthen the fair business safeguards provided by the Sherman Antitrust Act of 1890, Congress in 1914 passed an amendment to the Sherman Act called the Clayton Antitrust Act. President Woodrow Wilson signed the bill into law on October 15, 1914.