S.Amdt. 3788

SA 3788. Mr. KOHL submitted an amendment intended to be proposed to
amendment SA 3739 proposed by Mr. Reid (for Mr. Dodd (for himself and
Mrs. Lincoln)) to the bill S. 3217, to promote the financial stability
of the United States by improving accountability and transparency in
the financial system, to end ``too big to fail,'' to protect the
American taxpayer by ending bailouts, to protect consumers from abusive
financial services practices, and for other purposes; which was ordered
to lie on the table; as follows:

At the end of the amendment, insert the following:

TITLE ___--DISCOUNT PRICING CONSUMER PROTECTION ACT

SEC. ___. DISCOUNT PRICING CONSUMER PROTECTION ACT.

(a) Short Title.--This section may be cited as the
``Discount Pricing Consumer Protection Act''.
(b) Prohibition on Vertical Price Fixing.--
(1) Amendment to the sherman act.--Section 1 of the Sherman
Act (15 U.S.C. 1) is amended by adding after the first
sentence the following: ``Any contract, combination,
conspiracy or agreement setting a minimum price below which a
product or service cannot be sold by a retailer, wholesaler,
or distributor shall violate this Act.''.

[[Page S3103]]

(2) Effective date.--The amendment made by paragraph (1)
shall take effect 90 days after the date of enactment of this
Act.
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