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