Fair Prices for Local Businesses Act
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Summary
The Fair Prices for Local Businesses Act amends the Clayton Act to strengthen prohibitions on price discrimination. It expands the definition of covered transactions to include services (not just commodities), broadens the scope to activities affecting commerce, and removes the "meeting competition" defense that currently allows sellers to justify lower prices by claiming they are matching a competitor's offer. The bill also establishes a presumption that victims of price discrimination have suffered damages equal to the amount of the discrimination, and extends liability to persons who knowingly induce or receive benefits from price discrimination.
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How your representatives voted
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