To specify the standards governing claims of consciously parallel pricing coordination in civil actions under the Sherman Act, and to clarify the meaning of contract, combination in the form of trust or otherwise, or conspiracy under the Sherman Act.
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Summary
Based on the bill's title, this legislation would amend the Sherman Act to establish standards for evaluating claims of 'consciously parallel pricing' (when competitors independently set similar prices without explicit coordination) in civil antitrust lawsuits. It would also clarify the legal definition of what constitutes a 'contract, combination, or conspiracy' under the Sherman Act. The bill has been referred to the House Judiciary Committee but the full text is not available.
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