Antitrust Amendments Act of 1990

Summary

Interlocking Directorate Act of 1989 - Amends the Clayton Act to prohibit any person from serving as a director or officer (currently director only) of any two corporations if each (currently any) such corporation has capital, surplus, and undivided profits aggregating more than $10,000,000 (currently $1,000,000) and such corporations are competitors, so that a merger, acquisition, or combination would substantially lessen competition or tend to create a monopoly. Establishes exceptions to such interlocking directorate and officer prohibition when: (1) the competitive sales of either corporation are less than $1,000,000; (2) the competitive sales of either corporation are less than three percent of that corporation's total sales; or (3) the competitive sales of each corporation are less than five percent of that corporation's total sales. Increases or decreases the $10,000,000 and $1,000,000 threshold amounts by the percentage increase or decrease in the gross national product for the preceding fiscal year. Provides that a director or officer shall not be deemed ineligible under the provisions of this Act until the expiration of one year from the date the event causing ineligibility occurred. Repeals provisions prohibiting dealings exceeding $50,000 a year by a common carrier with a firm if there is any interlocking directorate, unless competitive bidding is used.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1989

   Introduced

   Referred to the House Committee on Judiciary.

   Source: IntroReferral

2. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 March 1989

   Referred

   Referred to the Subcommittee on Economic and Commercial Law.

   Source: Committee

5. 15 June 1989

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 26 April 1990

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

7. 26 April 1990

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 1 May 1990

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 1 May 1990

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

10. 14 May 1990

    Reported

    Reported (Amended) by the Committee on Judiciary. H. Rept. 101-483. Filed late, pursuant to previous special order.

    Source: Committee

11. 14 May 1990

    Passed

    Mr. Mazzoli asked unanimous consent that the Committee on Judiciary have until 5:00 p.m. on May 14 to file a report on H.R. 29. Agreed to without objection.

    Source: Committee

12. 14 May 1990

    Calendars

    Placed on the Union Calendar, Calendar No. 297.

    Source: Calendars

13. 14 May 1990

    Reported

    Reported (Amended) by the Committee on Judiciary. H. Rept. 101-483. Filed late, pursuant to previous special order.

    Source: Committee

14. 15 May 1990

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

15. 15 May 1990

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    Source: Floor

16. 15 May 1990

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    Source: Floor

17. 15 May 1990

    Passed

    On ordering a second Agreed to without objection.

    Source: Floor

18. 15 May 1990

    Floor

    Considered under suspension of the rules.

    Source: Floor

19. 15 May 1990

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

20. 15 May 1990

    Floor

    Mr. Fish demanded a second on the motion to suspend the rules.

    Source: Floor

21. 15 May 1990

    Floor

    Mr. Brooks moved to suspend the rules and pass the bill, as amended.

    Source: Floor

22. 17 May 1990

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 555.

    Source: Calendars

23. 27 October 1990

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.

    Source: Floor

24. 27 October 1990

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

25. 28 October 1990

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

26. 28 October 1990

    Passed

    On motion that the House agree to the Senate amendments Agreed to by voice vote.

    Source: ResolvingDifferences

27. 28 October 1990

    Passed

    Resolving differences -- House actions: On motion that the House agree to the Senate amendments Agreed to by voice vote.

    Source: NotUsed

28. 28 October 1990

    Floor

    DEBATE - The House proceeded with forty minutes of debate on the motion.

    Source: Floor

29. 28 October 1990

    ResolvingDifferences

    Mr. Fish demanded a second on the motion to suspend the rules. Without objection a second was ordered.

    Source: ResolvingDifferences

30. 28 October 1990

    ResolvingDifferences

    Mr. Brooks moved that the House suspend the rules and agree to the Senate amendments.

    Source: ResolvingDifferences

31. 9 November 1990

    Floor

    Presented to President.

    Source: Floor

32. 9 November 1990

    President

    Presented to President.

    Source: President

33. 9 November 1990

    Floor

    Measure Signed in Senate.

    Source: Floor

34. 16 November 1990

    Became law

    Became Public Law No: 101-588.

    Source: President

35. 16 November 1990

    Became law

    Signed by President.

    Source: BecameLaw

36. 16 November 1990

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

• Engrossed Amendment Senate · — · Download file
• Engrossed in House · — · Download file
• Enrolled Bill · — · Download file
• Introduced in House · — · Download file
• Placed on Calendar Senate · — · Download file
• Reported in House · — · Download file

Documents

11 official files

• Reported in House (text)

  Reported in House · EN

  ViewDownloadOpen at official source

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN

  ViewDownloadOpen at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House (text)

  Introduced in House · EN

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Enrolled Bill (text)

  Enrolled Bill · EN

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Engrossed in House (text)

  Engrossed in House · EN

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Public Law (PDF)

  Public Law · EN · 17 November 1990

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Passed Senate amended

  summary · EN · 27 October 1990

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Passed House amended

  summary · EN · 15 May 1990

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to House with amendment(s)

  summary · EN · 14 May 1990

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Fish, Hamilton, Jr. [R-NY-19] · R · Sponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Sponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Sponsor
• Rep. Feighan, Edward F. [D-OH-19] · D · Sponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Sponsor
• Rep. Staggers, Harley O., Jr. [D-WV-2] · D · Sponsor
• Rep. Campbell, Tom [R-CA-15] · R · Cosponsor
• Rep. Smith, Lamar [R-TX-21] · R · Cosponsor
• Rep. Gekas, George W. [R-PA-17] · R · Cosponsor
• Rep. Smith, Lawrence [D-FL-16] · D · Cosponsor
• Rep. James, Craig T. [R-FL-4] · R · Cosponsor
• Rep. Glickman, Dan [D-KS-4] · D · Cosponsor
• Rep. Mazzoli, Romano L. [D-KY-3] · D · Cosponsor
• Rep. Dannemeyer, William E. [R-CA-39] · R · Cosponsor
• Rep. Henry, Paul B. [R-MI-5] · R · Cosponsor
• Sen. DeWine, Mike [R-OH] · R · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• · hsju00 · Standing

Related records

• related to ← Interlocking Directorate Act of 1989
• amends ← To amend the Sherman and Clayton Act.

Related across the Repo ecosystem

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