Railroad Antitrust Bill Heads To Full Senate

Law360, New York (March 3, 2011, 6:21 PM EST) -- The U.S. Senate Judiciary Committee passed a bill Thursday to repeal antitrust exemptions for the railroad industry and prevent the few major players from collective ratemaking and otherwise abusing their market power.

Sen. Herb Kohl, D-Wisc., chairman of the Senate antitrust competition policy and consumer rights subcommittee, announced that the full committee voted 14-1 in favor of S. 49, the Railroad Antitrust Enforcement Act of 2011, which now heads to the full Senate for debate.

The bill seeks to amend the Clayton Act and subject the...
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