[SENATE] 1929 Anti-Monopoly Act
Posted: 20:26:51 Wednesday, 03 January, 2018
Presented without comment.
1929 Anti-Monopoly Act
Whereas the ongoing economic crisis puts extreme pressure on the national infrastructure, causing many smaller private companies to bankrupt and have their assets subsumed into larger ones, which in turn creates a significant risk for the formation of predatory cartels and corporate monopolies,
- Section 1. A Brazilian Anti-Monopoly Board will be formed by the Republic of the United States of Brazil, which shall work to launch inquiries into possible predatory economic monopolies in the field of infrastructure (such as roads, railways, airlines, telephone networks, telegraph networks, radio broadcast systems, water utilities, electrical grids, etc.), and to regulate the same. It will be placed under the authority and oversight of the Ministry of Transportation and Public Works. The first task of the BAMB will be to formulate a proposal for a coherent legal anti-monopoly framework, which will subsequently be presented to the National Congress of Brazil for consideration and review. The purpose of this legal framework will be to allow fair competition in the private sector, and to ensure that infrastructure vital to the Brazilian populace and economy does not fall into negligent hands and disrepair.
- Section 2. This bill will take effect immediately upon passage.