Saturday, March 28, 2009

Repealing Leegin is Kohl's job #1

Senator Herb Kohl has been speaking out strongly against the Leegin decision, which legalized resale price maintenance under certain circumstances, ever since the Supremes handed it down almost two years ago. This matters because Kohl is chairman of the Senate Antitrust Subcommittee. The subcommittee announced its agenda this week, and guess what's the first item on the list?:
Discount Pricing of Consumer Goods: The Subcommittee will continue its examination of the elimination of the nearly century-old ban against manufacturers setting a minimum retail price as a result of the 2007 Supreme Court decision in the Leegin case. Allowing retail price maintenance has the potential to seriously harm discount pricing and retail competition. Senator Kohl intends to seek passage of the Discount Pricing Consumer Protection Act (S. 148), his bill to restore the ban on vertical price fixing.
There are few guarantees in life, but I'll be shocked if this doesn't pass.

No comments: