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Antitrust Act

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Antitrust Act: see Clayton Antitrust Act Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton.
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; Sherman Antitrust Act Sherman Antitrust Act, 1890, first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman. Prior to its enactment, various states had passed similar laws, but they were limited to intrastate businesses.
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lt;p>The Clayton Antitrust Act of 1914 prohibits a person's presence on the board of two rival companies when it would reduce competition between them.
The Clayton Antitrust Act bars a person from serving on the boards of rival companies when that would restrain their competition.
The action, commonly referred to as a "second request," is part of the Hart-Scott-Rodino Antitrust Act.
 
 
 
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