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Price Discrimination

When a seller charges different prices to different buyers for the same products or services, especially when it harms competition.

Clayton Act

A federal law from 1914 designed to prevent anti-competitive practices like monopolies and unfair pricing, by expanding on existing antitrust laws.

In commerce or affecting commerce

This refers to business activities that either directly involve buying and selling across state lines (in commerce) or have an impact on such activities, even if they occur locally (affecting commerce).

Functional Discount

A price reduction offered to a buyer based on their role or function in the distribution chain, such as a wholesaler receiving a lower price than a retailer because they perform different services.

Prima-Facie Case

A legal term meaning that there is enough initial evidence to prove something unless it is disproved. In this bill, it refers to the initial evidence needed to show price discrimination.

Induce or receive the benefit

To actively encourage or passively accept an unfair advantage, specifically referring to a buyer who gets a better price than their competitors due to price discrimination.