An Amendment to The Business Competition Act, 654

=An Amendment to the Business Competition Act, 654=

An Amendment to Create an Anti Monopoly Commission . ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.

Article One - Creation of the Antimonopoly Commission

 * 3.1 - An Antimonopoly Commission is being created under the Ministry of Labor and Commerce.
 * 3.2 - The Antimonopoly Commission is formed by the Minister of Labor and Commerce at his discretion.
 * 3.3 - The Antimonopoly Commission is authorized to fine enterprises for using non-market methods of competition.
 * 3.4 - Non-market methods of competition are equated with:
 * ● A statement about the non-existent properties of a product or service.
 * ● Not informing consumers about the properties of the product or service
 * ● Establishment and/or maintenance of monopolistically high or monopolistically low prices of goods and or services.
 * ● Withdrawal of goods or services from circulation, if the result of such withdrawal was an increase in the price of the goods.
 * ● Economically unjustified reduction or termination of production of goods, if there is demand for this product or orders for its delivery are placed, if there is a possibility of its cost-effective production.
 * ● Economically unjustified refusal to conclude a contract with buyers if there is a possibility of production or supply of the corresponding goods or services.
 * ● Creation of obstacles to access to the commodity market or exit from the commodity market to other economic entities.
 * 3.5 - The amount of the fine is set at 5% of the market capitalization of the enterprise and is doubled for each fine of the enterprise.
 * 3.6 - The Antimonopoly Commission is funded by 400,000 florins per year.

Tabled by von Zeppelin, MGA, CKA, as an independent member’s bill.