Competition Improvements Act

Summary

Competition Improvements Act - Declares the findings of Congress that the private enterprise system and a free market economy are fundamental to the Nation and that anticompetitive behavior in regulated industries caused by policies of Federal departments and agencies have had significant adverse effects on the national economy. States that it is the purpose of this Act to strengthen and facilitate the application of antitrust and pro competitive policies by Federal departments and agencies. Prohibits Federal agencies from taking action inconsistent with the antitrust laws except in specified circumstances. Provides for the Attorney General and the Federal Trade Commission to advise the agencies on the validity of exceptions to this Act. Provides for hearings on proposed actions; the anticompetitive aspects of which are in doubt. Provides for judicial relief of parties with complaints concerning actions by agencies which are contrary to the provisions of this Act. Requires Federal departments and agencies to insure the integration of antitrust law and policy in all activities which may have an impact on competition. Directs all Federal departments and agencies to make detailed competitive impact statements to accompany all proposals for legislation. Enumerates items to be analyzed in the preparation of such statements. Requires such statements to be submitted to the President, to Congress, and to the public. Requires each Federal department and agency to review its statutory authority, administrative regulations, policies, practices and procedures to determine whether they contain any deficiencies or inconsistencies which may prevent full compliance with the purpose of this Act. Requires the departments and agencies to recommend such measures to the President and to the Congress, as may be necessary, to carry out the purposes of this Act. Requires the Federal Trade Commission to report annually to the President and to Congress on the state of competition in those industries subject to its regulation.

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Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 21 July 1976

  Open at official source

• Introduced in Senate

  summary · EN · 26 June 1975

  Open at official source

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