Vertical Price-Fixing Ban Clears Senate Committee

Law360, New York (March 18, 2010, 6:30 PM EDT) -- The Senate Judiciary Committee has passed a bill to ban vertical price-fixing, paving the way for a full U.S. Senate vote on legislation that would overturn a controversial 2007 U.S. Supreme Court precedent.

The Discount Pricing Consumer Protection Act, approved by voice vote Thursday, would restrict manufacturers from dictating a minimum price at which venders must sell goods to the general public.

The U.S. House of Representatives Judiciary Committee passed its version of the same bill in January, six months after it was introduced by Rep....
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