Plain English Breakdown
Checked against official source text during the last sync.
Increasing Penalties for Trade Conspiracy
This law increases fines and penalties for corporations and individuals that violate trade rules.
What This Bill Does
- Increases the fine for corporate violators from up to $1,000,000 to up to $6,000,000.
- Raises the fine for individual violators from up to $250,000 to up to $1,000,000.
- Adds an extra civil penalty of $1,000,000 for anyone who breaks trade rules.
Who It Names or Affects
- Corporations that break trade rules
- Individuals who violate trade laws
Terms To Know
- Cartwright Act
- A law that stops unfair business practices and protects fair competition.
- Trust
- When two or more people work together to control trade or limit competition in a harmful way.
Limits and Unknowns
- The bill does not specify when the new penalties will start.
- It is unclear how many violators this change will affect.