Connecticut House Bill HB05592

Connecticut 2025 Regular Session

• Introduced: 1/21/25
• Refer: 1/21/25

Caption

An Act Concerning Revisions To The Connecticut Antitrust Act To Protect Against Corporate Mergers That Harm Competition And Consumers.

Impact

The bill proposes significant changes to Chapter 624 of the General Statutes, which deals with antitrust issues. It authorizes the Antitrust Section of the Office of the Attorney General to engage in investigations and initiates proceedings against entities suspected of violating the newly adopted guidelines. This change is poised to empower state authorities to act definitively in instances where corporate mergers threaten competition, potentially leading to better outcomes for consumers by preventing monopolistic practices.

Summary

House Bill 05592, also known as the Act Concerning Revisions To The Connecticut Antitrust Act, aims to bolster the state's antitrust regulations by incorporating federal merger guidelines established by the United States Department of Justice and the Federal Trade Commission. This legislative proposal seeks to modernize the existing legal framework governing corporate mergers, ensuring that state laws are more aligned with federal standards. By adapting to these guidelines, Connecticut aims to enhance its capacity to regulate mergers that may adversely affect competition and consumers within the state.

Contention

While the bill is geared towards protecting consumer interests, it may also spark debate among business sectors that view increased regulation as a hindrance to growth and innovation. Proponents argue that the bill is necessary for maintaining competitive markets and safeguarding consumers against harmful corporate behavior. However, opponents may contend that stringent regulations could deter investment and stifle economic development, raising concerns about the balance between protecting competition and allowing for healthy business operations.