(at the request of Senate Interim Committee on Judiciary and Ballot Measure 110 Implementation for Department of Justice)
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Bill Title:
Relating to antitrust enforcement; and prescribing an effective date.
Catchline/Summary:
Increases amount of civil penalty Attorney General may obtain for violation of antitrust statutes from $250,000 to $1 million. Increases amount of civil penalty Attorney General may obtain for violation of antitrust statutes from $250,000 to $1 million. Repeals statute that designated venue within which action to seek relief for violation of antitrust statutes must be brought. Permits Attorney General to both criminally prosecute and seek civil penalties for violation of antitrust statutes.
Increases criminal penalties for conspiring to restrain trade or commerce or monopolizing or conspiring to monopolize trade or commerce from maximum $6,250 fine and 364 days' imprisonment to maximum $250,000 fine and 10 years' imprisonment.
Takes effect on 91st day following adjournment sine die.
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SB 310
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