Plain English Breakdown
The official summary does not define what specific actions constitute 'restraint of trade,' 'monopolize,' or 'monopsonize'; these terms are left as 'as specified' in the source text.
AB-1345: Cartwright Act Restraint of Trade
This law makes it unlawful for one or more people to take actions that restrain trade, monopolize markets, or monopsonize purchasing power as specified in the bill.
What This Bill Does
- It states that it is unlawful for one or more persons to act, cause, take, or direct a measure, action, or event that restrains trade, monopolizes, or monopsonizes, as specified.
- It expands the scope of activities punishable as crimes under the Cartwright Act.
- It makes related findings and declarations regarding these rules.
- It states that no state reimbursement is required for a specified reason.
Who It Names or Affects
- One or more persons who act, cause, take, or direct measures in restraint of trade, monopolization, or monopsonization as specified.
- Local agencies and school districts regarding the state-mandated local program created by this bill.
Terms To Know
- Cartwright Act
- Existing California law that identifies certain acts as unlawful restraints of trade or unlawful trusts, with violations punishable as crimes.
- Monopolize
- An act specified in the bill regarding controlling a market.
- Monopsonize
- An act specified in the bill regarding purchasing power or being the only buyer.
Limits and Unknowns
- The specific definitions of 'restraint of trade,' 'monopolize,' and 'monopsonize' are not detailed in this summary but are referred to as 'as specified.'
- The bill states no reimbursement is required for a 'specified reason' without listing that reason.
- No effective date is provided in the official material.