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The Robinson-Patman Act is named after the bill's cosponsors, [[UnitedStates/JosephTRobinson|Joseph T. Robinson]] and [[UnitedStates/WrightPatman|Wright Patman]].

Robinson-Patman Act

The Robinson-Patman Act, passed in 1936, is an anti-trust law.

Contents

  1. Robinson-Patman Act
    1. Description
    2. History

Description

The Robinson-Patman Act outlaws price discrimination between sales that have the effect of reducing competition or tending towards a monopoly. The "price" includes total compensation, including any additional goods or services.

For the federal government to have jurisdiction, the sales must cross state lines. Furthermore, there must be two or more actual sales to distinct buyers that are roughly contemporaneous.

History

The Robinson-Patman Act is named after the bill's cosponsors, Joseph T. Robinson and Wright Patman.

This act amends the earlier Clayton Act.

CategoryRicottone

UnitedStates/CommerceLaw/RobinsonPatmanAct (last edited 2023-09-10 22:14:04 by DominicRicottone)