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An Amendment to The Business Competition Act, 654: Difference between revisions

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=An Amendment to the Business Competition Act, 654=
 
''An Amendment to Create an Anti Monopoly Commission .''<br>
''ACTIONEDPassed on ##7 monthJune ####2023, ##10 Aye, ##04 Nay, ##03 Abstain.''
 
==Article One3 - Creation of the AntimonopolyAnti-Monopoly Commission==
 
:3.1 - An AntimonopolyAnti-Monopoly Commission is being created under the Ministry of LaborLabour and Commerce.
:3.2 - The AntimonopolyAnti-Monopoly Commission is formed by the Minister of LaborLabour and Commerce at his discretion.
:3.3 - The AntimonopolyAnti-Monopoly Commission is authorized to fine enterprises for using non-market methods of competition.
:3.4 - Non-market methods of competition are equated with:
::3.4.1 - A statement about the non-existent properties of a product or service.
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::3.4.7 - 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 AntimonopolyAnti-Monopoly Commission is funded by 400,1 000 000 florins per yearquarter.
 
''Tabled by von Zeppelin, MGA, CKA, as an independent member’s bill.''
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