How fed regulators could use nearly 100-year-old law to block attempts to lower US prices
Teona Gherasim
Every politician in Washington is promising to alleviate the “affordability crisis.” But nobody told that to the trial lawyers and federal regulators — who have dusted off a century-old law to sue companies for the high crime of lowering consumer prices. No joke. We’re referring to an all-but-forgotten legal relic from the 1930s called the Robinson-Patman Act. We bet you’ve never heard of it. That law prohibits a seller from charging lower prices for the same products to different retail
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