Regulations
Sherman Antitrust Act
Also Known As Sherman Act
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Enacted by the 51st U.S. Congress and signed by President Benjamin Harrison on 2 July 1890, the Sherman Antitrust Act is the founding U.S. federal antitrust statute. It declares illegal every contract, combination or conspiracy in restraint of trade or commerce among the states or with foreign nations, and makes monopolization or attempted monopolization a criminal offense. It established the basic framework for U.S. competition law, later expanded by the Clayton Antitrust Act of 1914, which added prohibitions on price discrimination, exclusive dealing, interlocking directorates and anticompetitive mergers.
Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal, per the codified Section 1 text.
Facts
Promulgated ByUnited States Congress, 51st Congress, signed by President Benjamin Harrison 1 Jurisdiction ScopeUnited States federal, interstate and foreign commerce 1 Regulatory DomainAntitrust and competition 1 Cross-Tradition Connections
Associated With
Both statutes are national antitrust and competition-law regimes, though China's law arose more than a century after the Sherman Act and within a different legal-family lineage.
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