SB 763 (Hurtado D) Conspiracy against trade: punishment.
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(Hurtado D) Conspiracy against trade: punishment. |
Position: Watch
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Introduced: 2/21/2025 |
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Last Amend: 9/2/2025 |
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Status: 10/6/2025-Approved by the Governor. Chaptered by Secretary of State. Chapter 426, Statutes of 2025. |
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Location: 10/6/2025-S. CHAPTERED |
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Summary: The Cartwright Act generally regulates trusts, which the act defines as a combination of capital, skill, or acts by 2 or more persons for certain purposes, including to create or carry out restrictions in trade or commerce. If a violator of the act is a corporation, the act punishes the violator by a fine of the greater of an amount not more than $1,000,000 and an amount related to the pecuniary gain from the violation or the pecuniary loss to another by the violation, as prescribed. If a violator of the act is an individual, the act punishes the violator by imprisonment of one, 2, or 3 years in a state prison or county jail, as specified, imprisonment of not more than one year in a county jail, by a fine of not more than the greater of $250,000 and an amount related to the pecuniary gain from the violation or the pecuniary loss to another by the violation, or by both a fine and imprisonment. This bill would increase the fine described above with respect to corporate violators to $6,000,000. The bill would also increase the fine described above with respect to an individual violator to $1,000,000. The bill would impose an additional civil penalty of $1,000,000 on a person, corporation, or business entity for violating the act, as prescribed. |