What United States Sherman Antitrust Act (Title 15 USC Chapter 1): Restraint of Trade Prohibition (Section 1), Monopolization Felony (Section 2), Territorial Reach, Court Jurisdiction, Forfeiture of Property in Transit, and Definitions requires
The Sherman Antitrust Act, codified at Title 15 of the United States Code, Chapter 1 (Monopolies and Combinations in Restraint of Trade), is the foundational federal antitrust statute in the United States and is enforced civilly and criminally by the Antitrust Division of the Department of Justice and the Federal Trade Commission and through private treble damages actions. Sherman Antitrust Act, 15 U.S.C. 1 declares: every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Sherman Antitrust Act, 15 U.S.C. 2 provides: every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony. Sherman Antitrust Act, 15 U.S.C. 3 extends the prohibition to trusts in Territories or the District of Columbia. Sherman Antitrust Act, 15 U.S.C. 4 invests the several district courts of the United States with jurisdiction to prevent and restrain violations of sections 1 to 7 and assigns enforcement duties to the United States attorneys. Sherman Antitrust Act, 15 U.S.C. 5 authorises bringing in additional parties whenever the ends of justice require. Sherman Antitrust Act, 15 U.S.C. 6 provides that any property owned under any contract or by any combination or conspiracy and being in the course of transportation between States or to a foreign country shall be forfeited to the United States. Sherman Antitrust Act, 15 U.S.C. 6a addresses conduct involving trade or commerce with foreign nations under the Foreign Trade Antitrust Improvements Act framework. Sherman Antitrust Act, 15 U.S.C. 7 defines the term person to include corporations and associations existing under or authorized by the laws of U.S. jurisdictions or foreign nations. The Act is the controlling federal antitrust statute in the United States and operates alongside the Clayton Act and the Federal Trade Commission Act.
Pillar: Competition & Antitrust · Authority: United States Government - Office of the Law Revision Counsel · Version: 1.0.0 · Last updated:
Primary source: https://www.govinfo.gov/content/pkg/USCODE-2023-title15/html/USCODE-2023-title15-chap1.htm
SHA-256 integrity: 4558c64159d25329f9da9b3fe231cc8b7b6f8854aecf095dd29632ce2b08c406
Primary Citations — 8 traced to source
- Sherman Antitrust Act, 15 U.S.C. 1 - contract, combination, or conspiracy in restraint of interstate or foreign trade or commerce declared illegal.
- Sherman Antitrust Act, 15 U.S.C. 2 - monopolization, attempted monopolization, or conspiracy to monopolize a felony.
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