S. 3377 — Introduced in Senate

II 116th CONGRESS 2d Session S. 3377 IN THE SENATE OF THE UNITED STATES March 3, 2020Mr. Graham (for himself, Mrs. Feinstein, Mr. Lee, and Ms. Klobuchar) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To amend the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 to repeal the sunset provision. 1. Short title This Act may be cited as the Antitrust Criminal Penalty Enhancement and Reform Permanent Extension Act. 2. Findings; purpose (a) Findings Congress finds the following: (1) Conspiracies among competitors to fix prices, rig bids, and allocate markets are categorically and irredeemably anticompetitive and contravene the competition policy of the United States. (2) Cooperation incentives are important to the efforts of the Antitrust Division of the Department of Justice to prosecute and deter the offenses described in paragraph (1). (b) Purpose The purpose of this Act, and the amendments made by this Act, is to strengthen public and private antitrust enforcement by providing incentives for antitrust violators to cooperate fully with government prosecutors and private litigants through the repeal of the sunset provision of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note). 3. Repeal of sunset provision (a) In general Section 211 of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note) is repealed. (b) Technical and conforming amendments Section 212 of the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 (15 U.S.C. 1 note) is amended— (1) by striking paragraph (6); and (2) by redesignating paragraph (7) as paragraph (6).