March 11, 2004
Honorable Orrin G.
Honorable F. James
Re: Proposed Amendments to Sherman and Clayton Acts, H.R. 1086
Dear Chairman Hatch and Chairman Sensenbrenner, Jr.:
The Antitrust Law Section of the New York State Bar Association submits the attached comments for your consideration regarding H.R. 1086. In these comments, the Antitrust Law Section supports the proposed increases in criminal penalties for individuals and the limitations on civil damages for cooperating corporate leniency applicants; urges that hearings be held on the proposed increase in corporate fines; and opposes the proposed amendments to the Tunney Act.
If you or the Committee have questions regarding the attached comments, please feel free to contact Ilene Knable Gotts, Esq., the Section's Secretary, at 212-403-1247. We are pleased to answer any questions or to provide additional information as requested.