assembly Bill A1812A

2021-2022 Legislative Session

Relates to actions or practices that establish or maintain a monopoly, monopsony or restraint of trade, and authorizes a class action lawsuit in the state anti-trust law

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Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 27, 2021 print number 1812a
May 27, 2021 amend (t) and recommit to economic development
Jan 11, 2021 referred to economic development

Co-Sponsors

A1812 - Details

See Senate Version of this Bill:
S933
Law Section:
General Business Law
Laws Affected:
Amd §§340, 341, 342-a & 342-b, add §342-d, Gen Bus L
Versions Introduced in 2019-2020 Legislative Session:
A10870

A1812 - Summary

Relates to actions or practices that establish or maintain a monopoly, monopsony or restraint of trade; authorizes a class action lawsuit in the state anti-trust law.

A1812 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1812
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced  by  M.  of  A.  DINOWITZ,  GOTTFRIED, REYES -- read once and
   referred to the Committee on Economic Development
 
 AN ACT to amend the general business law,  in  relation  to  actions  or
   practices that establish or maintain a monopoly or restraint of trade,
   and  in  relation  to  authorizing a class action lawsuit in the state
   anti-trust law
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This  act shall be known and may be cited as the "Twenty-
 First Century Anti-Trust Act".
   § 2. Legislative findings. The legislature hereby finds  and  declares
 that there is great concern for the growing accumulation of power in the
 hands  of large corporations. While technological advances have improved
 society, these companies possess great and  increasing  power  over  all
 aspects  of our lives. Over one hundred years ago, the state and federal
 governments identified these same problems as big  businesses  blossomed
 after  decades  of industrialization.   Seeing those problems, the state
 and federal governments enacted  transformative  legislation  to  combat
 cartels,  monopolies,  and other anti-competitive business practices. It
 is time to update, expand and clarify our  laws  to  ensure  that  these
 large  corporations  are  subject to strict and appropriate oversight by
 the state. The legislature further finds and  declares  that  unilateral
 actions  which  seek to create a monopoly are as harmful as contracts or
 agreements of multiple parties to do the  same  and  should  be  treated
 similarly  under  the law. After monopolies have been established, it is
 typically too late to repair or mitigate the damage which has been done.
 Accordingly, mere attempts to create monopolies should also  be  treated
 as  actions  contrary to the interests of the people of the state of New
 York and should be penalized accordingly.  The legislature further finds
 and declares that anti-competitive practices harm great numbers of citi-

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03654-01-1

Co-Sponsors

view additional co-sponsors

A1812A (ACTIVE) - Details

See Senate Version of this Bill:
S933
Law Section:
General Business Law
Laws Affected:
Amd §§340, 341, 342-a & 342-b, add §342-d, Gen Bus L
Versions Introduced in 2019-2020 Legislative Session:
A10870

A1812A (ACTIVE) - Summary

Relates to actions or practices that establish or maintain a monopoly, monopsony or restraint of trade; authorizes a class action lawsuit in the state anti-trust law.

A1812A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1812--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced  by  M.  of  A.  DINOWITZ,  GOTTFRIED, REYES -- read once and
   referred  to  the  Committee  on  Economic  Development  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to  amend  the  general business law, in relation to actions or
   practices  that  establish  or  maintain  a  monopoly,  monopsony   or
   restraint  of  trade,  and  in  relation to authorizing a class action
   lawsuit in the state anti-trust law
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This  act shall be known and may be cited as the "Twenty-
 First Century Anti-Trust Act".
   § 2. Legislative findings. The legislature hereby finds  and  declares
 that there is great concern for the growing accumulation of power in the
 hands  of large corporations. While technological advances have improved
 society, these companies possess great and  increasing  power  over  all
 aspects  of our lives. Over one hundred years ago, the state and federal
 governments identified these same problems as big  businesses  blossomed
 after  decades  of industrialization.   Seeing those problems, the state
 and federal governments enacted  transformative  legislation  to  combat
 cartels,  monopolies,  and other anti-competitive business practices. It
 is time to update, expand and clarify our  laws  to  ensure  that  these
 large  corporations  are  subject to strict and appropriate oversight by
 the state. The legislature further finds and  declares  that  unilateral
 actions  which  seek to create a monopoly or monopsony are as harmful as
 contracts or agreements of multiple parties to do the same and should be
 treated similarly under the law. After monopolies  or  monopsonies  have
 been  established,  it  is  typically too late to repair or mitigate the
 damage which has been done. Accordingly, mere attempts to create monopo-
 lies or monopsonies through  anti-competitive  conduct  should  also  be
 treated  as actions contrary to the interests of the people of the state
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.