Conspiracy against trade: punishment.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill increases the penalties for violating California’s antitrust law, known as the Cartwright Act. It raises the maximum fine for corporate violators to $6 million and for individual violators to $1 million. Additionally, it introduces a new $1 million civil penalty for any person, corporation, or business entity found to have violated the law. The bill also makes a technical correction to the existing statute.
Key provisions
- Increases the maximum fine for corporate violators to $6,000,000.
- Increases the maximum fine for individual violators to $1,000,000.
- Establishes a new $1,000,000 civil penalty for violations.
- Provides for a four-year window to bring legal action.
- Specifies how fines and penalties should be distributed to the state and counties.
- Creates a new section outlining the factors considered when assessing civil penalties.
- Clarifies that penalties are cumulative with other applicable laws.
- Makes a technical correction to the Business and Professions Code.
Who is affected
- Corporations
- Businesses
- Individuals
- Antitrust Enforcement Agencies (Attorney General, District Attorneys)
- Companies involved in trade or commerce
Notable changes
- Significantly increases the monetary penalties for antitrust violations.
Bill text
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Sponsors
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1 on record
Primary sponsor
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