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15 U.S.C. § 2 — Monopolizing trade a felony; penalty

submitted 136 years ago by ch. 647 to r/title-15-COMMERCE-AND-TRADE · 82 words · no verdicts yet

in plain englishAI-generated · not legal advice

It is a felony to monopolize, try to monopolize, or team up with others to monopolize trade between states or with foreign nations. A corporation can be fined up to $100,000,000, an individual up to $1,000,000, and either can also face up to 10 years in prison.

Anyone who monopolizes, or tries to monopolize, or joins with any other person or people to monopolize any part of trade or commerce among the states or with foreign nations has committed a felony. On conviction, the court decides the punishment: a fine of up to $100,000,000 for a corporation, or up to $1,000,000 for anyone else, or up to 10 years in prison, or both a fine and prison time.
the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (July 2, 1890, ch. 647, § 2, 26 Stat. 209; July 7, 1955, ch. 281, 69 Stat. 282; Pub. L. 93–528, § 3, Dec. 21, 1974, 88 Stat. 1708; Pub. L. 101–588, § 4(b), Nov. 16, 1990, 104 Stat. 2880; Pub. L. 108–237, title II, § 215(b), June 22, 2004, 118 Stat. 668.)

history & why it existsrecord from the source credit
  • 1890Enacted · Act of July 2, 1890, ch. 647 · 26 Stat. 209
  • 1955Amended · Act of July 7, 1955, ch. 281 · 69 Stat. 282
  • 1974Amended · Pub. L. 93-528 · 88 Stat. 1708
  • 1990Amended · Pub. L. 101-588 · 104 Stat. 2880
  • 2004Amended · Pub. L. 108-237 · 118 Stat. 668

A history note hasn’t been published yet. The record shows enactment by ch. 647 on 1890-07-02.

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