Fair and Effective Enforcement of the Antitrust Laws, S. 1874
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Fair and Effective Enforcement of the Antitrust Laws, S. 1874: Hearings Before the Subcommittee on Antitrust and Monopoly of the Committee on the Judiciary, United States Senate, Ninety-Fifth Congress, First Session on S. 1874; A Bill to Restore Fair and Effective Enforcement of the Antitrust Laws; July 21, 22, and S The subcommittee met, pursuant to notice, at 9:15 a.m., in room 1318, Dirksen Senate Office Building, Senator Edward M. Kennedy (chairman of the subcommittee) presiding. Present: Senators Thurmond and Laxalt. Also present: David Boies, consultant; Thomas Susman, chief counsel; Terry Lytle and Robert Banks, counsel; Walter Measday, chief economist; Emory Sneeden, minority chief counsel; Peter Chumbris, minority consultant, and Garrett Vaughn, minority economist. Senator Kennedy. The subcommittee will come to order. Opening Statement Of Senator Kennedy The Senate Subcommittee on Antitrust and Monopoly will focus today and tomorrow on S. 1874. This bill will once again allow consumers the right to recover damages for antitrust violations which injure them. Consumers have always been the intended beneficiaries of the antitrust laws. The purpose of the antitrust laws, emphasized by both Congress and the Courts, has always been to provide consumers with better products and lower prices, to prevent suppliers singly or in combination from raising prices at the expense of individual citizens. It is conservatively estimated that price fixing and other antitrust violations cost American consumers more than $150 billion a year. This cost is too often borne by persons who can least afford it. The exorbitantly high prices charged consumers as a result of antitrust violations do more than frustrate the economic goal of better products and lower prices. They frustrate as well basic human goals of fair and equitable treatment that are a fundamental part of the fabric that holds our society together. Consequently, both Courts and Congress have long recognized that consumers must be able to recover for antitrust violations that injure them because the threat of such suits deters antitrust violations, and because fundamental fairness requires that those who are injured by antitrust violations should be compensated. It is ironic, then, that on June 9 of this year the Supreme Court, in its Illinois Brick decision, held that most consumers were barred from recovering damages for antitrust violations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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