Clayton Act

An amendment to the Sherman Act, the Clayton Act (15 U.S.C. § 12-27) was passed by Congress years after the Sherman Act, and sought to broaden federal regulation of monopolistic conduct, while also softening the requirement of the existence of an agreement so as to include individual business behavior such as price discrimination. Violations of the Clayton Act carry the same punishments as those of the Sherman Act, and are classified as felonies. While different sorts of conduct are expressly prohibited in the more recent amendment, the spirit of the law remains the same. The provisions of the Clayton Act are aimed at activity that tends to create a monopoly or lessen competition in a given market.