Plain English Breakdown
The official source material does not provide specific details on the expansion of punishable actions, additional findings and declarations, or nonsubstantive changes to interpretation rules.
Cartwright Act: Restraint of Trade
The Cartwright Act makes it illegal for individuals or groups to take actions that limit fair competition in business and punishes those who try to control entire markets.
What This Bill Does
- Makes it against the law for one or more persons to act, cause, take, or direct a measure, action, or event that limits trade or tries to control an entire market.
Who It Names or Affects
- Businesses and individuals who violate the new restrictions on limiting trade or controlling markets will face legal consequences.
- The Attorney General, who enforces antitrust laws and protects consumers.
Terms To Know
- restraint of trade
- Actions that limit fair competition in business.
- monopolize or monopsonize
- To control an entire market, either by being the only seller (monopoly) or the only buyer (monopsony).
Limits and Unknowns
- The bill does not specify how much it will cost to enforce these new rules.
- It is unclear what specific measures businesses might take that would be considered illegal under this act.