Sec. 3. Definitions
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/bill/116/s/4918/is/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Act: The term antitrust laws means— the Sherman Act ( 15 U.S.C. 1 et seq.); and the Clayton Act ( 15 U.S.C. 12 et seq.). The term Assistant Attorney General means the Assistant Attorney General for the Antitrust Division of the Department of Justice. The term Commission means the Federal Trade Commission. The term effective date means the date described in section 6. The term FTC antitrust action means any litigation or administrative proceeding initiated by the Commission that— is supervised by an FTC Antitrust Unit; or relates to the antitrust laws or section 5 of the Federal Trade Commission Act ( 15 U.S.C. 45 ), as in effect on the day before the effective date.
The term FTC antitrust assets — means all electronic or tangible records and files relating to matters supervised, as well as any physical assets or equipment owned and used or retained, by an FTC Antitrust Unit; and does not include any office space or leased facilities or equipment. The term FTC antitrust employee means an individual who on the day before the effective date is employed by the Federal Trade Commission and assigned to an FTC Antitrust Unit. The term FTC antitrust function means a function of the Commission relating to the antitrust laws or unfair methods of competition under section 5 of the Federal Trade Commission Act ( 15 U.S.C. 45 ), as in effect on the day before the effective date.
The term FTC antitrust funding means— all amounts appropriated before the effective date by an Act of Congress to the Federal Trade Commission that are designated, by Congress or the Commission, for an FTC Antitrust Unit; and all fees collected by the Federal Trade Commission before the effective date under section 7A of the Clayton Act ( 15 U.S.C. 18a ) and rules issued under that section. The term FTC Antitrust Unit means— the Bureau of Competition of the Commission; and each division of the Bureau of Economics of the Commission that is designated to work on FTC antitrust actions.
The term function means any duty, obligation, power, authority, responsibility, right, privilege, activity, or program. The term transition period means the period beginning on the effective date of this Act and ending on the later of— the date that is 1 year after the effective date of this Act; or the date that is 180 days after the date described in subparagraph (A), which may be extended by the Assistant Attorney General once for an additional 180 days, if the Assistant Attorney General determines that a period longer than the period described in subparagraph
(A)is necessary to avoid harm to the interests of the United States or the effective enforcement of the antitrust laws.
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