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Sherman Act

 

Summary

The original United States competition law provisions are contained in the Sherman Act; these are cited as sections 1-7 under Title 15 of the US Code, Chapter 1 (Monopolies and Combinations in Restraint of Trade). The two most significant provisions are section 1 (dealing with conduct in restraint of trade) and section 2 (monopolization). Subsequent legislation, like the Clayton Act, have expanded the scope of the US antitrust laws.

For all relevant competition law provisions see Title 15 Ch 1 of the US Code, available here:

Legal Information Institute, Cornell University Law School

 

Sherman Act, section 1 (15 USC 1) Trusts, etc., in restraint of trade

Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.

 

Sherman Act, section 2 (15 USC 2) Monopolizing trade a felony; penalty

Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.