Railroad Exemption May Fall
The Senate Judiciary Committee has passed a bill that would end the antitrust exemption for railroads. As yahoo.com reports:
The Railroad Antitrust Enforcement Act of 2007, cosponsored by Senate Judiciary Committee Chairman Sen. Patrick Leahy (D-VT), Sen. Herb Kohl (D-WI) and Sen. Norm Coleman (R-MN), would:A companion House bill (H.R. 1650) is currently pending in the House Judiciary Committee.
- Repeal the railroad antitrust exemptions;
- Permit the U.S. Department of Justice and the Federal Trade Commission(FTC) to review mergers under antitrust law; and
- Allow state Attorneys General and other private parties to sue for treble damages and sue for court orders to halt anticompetitive conduct, both of which are not currently allowable under federal law. …
But what about McCarran-Ferguson? Where is Trent Lott these days?
(HT to Charles Hoffman.)
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