123rd Morrison Congress

1st Session

S. 123-011
Title of the Bill:

Promote Business Competition Act

Main Author(s):

Sen. Shogo Tokumo (R-MS)

Co-Sponsor(s):
BE IT ENACTED BY THE MORRISON CONGRESS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

SECTION 1: Findings
Congress makes the following findings:
1) Monopolistic organizations ae dominating the market, and providing unfair
prices for their products in the market.
2) Monopoly has the potential for price-fixing, and supplying inferior products.
3) Monopolistic companies has the potential for cost-push inflation, the causing
of an inflation by pushing the price of the products to be pushed high.
SECTION 2: Purpose
The purpose

of this bill is to promote and encourage business competition in order to

reduce monopolies a
nd contribute towards improved efficiency in individual
markets and enhanced competitiveness of U.S businesses.
SECTION 3: General Provisions
This act will based on the following ideas:

Antitrust and cartels: This involves the elimination of agreements that

restrict competition including price-fixing and other abuses by firms who hold
a dominant market position.
Market liberalisation: Liberalisation involves introducing competition in
previously monopolistic sectors such as energy supply, retail banking, postal
services, mobile telecommunications and air transport
State aid control: Competition policy analyses state aid measures such as
airline subsidies to ensure that such measures do not distort the level of
competition in the Single Market.
Merger control: This involves the investigation of mergers and takeovers
between firms. For example, this act will restrict a merger between two large
groups which would result in their dominating the market.

Specific policies include:

De-regulation - laws to reduce monopoly power

Preventing mergers/acquisitions that create a monopoly
Laws to introduce competition into the postal services industry
Forced sales of assets
Tough laws on anti-competitive behavior
Strong laws and penalties against proven cases of price fixing or

39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70

collusion that involves market sharing

Reductions in import controls
A reduction in import tariffs encourages cheaper products from
overseas
Decrease import quotas

SECTION 4: Definitions
Market: an area or arena in which commercial dealings are conducted.
Monopoly: exclusive control of a commodity or service in a particular market, or a
control that makes possible the manipulation of prices (price-fixing).
Cartel: an association of manufacturers or suppliers with the purpose of maintaining
prices at a high level and restricting competition.
Tariff: a tax or duty to be paid on a particular class of imports or exports.

Works Cited:
http://www.tutor2u.net/economics/reference/competition-policy-in-markets-and-industries
https://www.thebalance.com/monopoly-4-reasons-it-s-bad-and-its-history-3305945
http://www.dictionary.com/browse/monopoly