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antitrust legislation

   Also found in: Medical, Legal, Financial, Encyclopedia 0.01 sec.
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Noun1.antitrust legislation - law intended to promote free competition in the market place by outlawing monopoliesantitrust legislation - law intended to promote free competition in the market place by outlawing monopolies
law - legal document setting forth rules governing a particular kind of activity; "there is a law against kidnapping"
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"


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[ILLUSTRATION OMITTED] 4 MCCARRAN-FERGUSON ACT Insurance is one of the industries most carefully regulated by the states, but federal antitrust legislation threatened to alter those regulatory powers and the ability of the industry to gather and pool the historic loss data necessary to successfully underwrite risks.
IN THE BELTWAY WITH THE MCCARRAN-FERGUSON ACT, Signed in i945, Congress granted states a limited exemption from federal antitrust legislation, declaring that states would continue to regulate the insurance business.
For instance, historians and academics once thought that the United States effectively forced antitrust legislation on Japan after its World War II defeat, but Freyer offers evidence that Japanese policymakers were actively involved in the development of the antitrust regime.
 
 
 
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