The Tunney Act, officially known as the Antitrust Procedures and Penalties Act (Pub. L. 93–528, 88 Stat. 1708, enacted December 21, 1974, 15 U.S.C. § 16), is antitrust legislation passed in the United States in 1974.
Other short titles | APPA |
---|---|
Long title | An act to reform consent decree procedures, to increase penalties for violation of the Sherman Act, and to revise the Expediting Act as it pertains to Appellate Review |
Nicknames | Tunney Act |
Enacted by | the 93rd United States Congress |
Submitted by John V. Tunney, the law has as its main point the court review Justice Department decisions regarding mergers and acquisitions.[1] It has been referred to in the AT&T actions with regards to SBC and BellSouth,[2] along with the acquisition of Sprint by T-Mobile proposed in 2018.[3]
References edit
- ^ Burton, Thomas M. (June 6, 2019). "Federal Judge Wraps Up Hearings Into CVS-Aetna Deal". Wall Street Journal.
- ^ Labaton, Stephen (July 8, 2006). "Judge Looks Into Modifying Terms of 2 Phone Mergers". New York Times.
- ^ "Notice of Antitrust Division of Proposed Final Judgement and Competitive Impact Statement". Federal Register. Aug 12, 2019.