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Antitrust fund bill approved in Senate
Senator Lagomarsino notes SB 1047 would create a one million dollar antitrust fund in the State Attorney General's Office. Revenue comes from penalties in antitrust cases with 10 percent of recovered amounts or actual costs, whichever is greater. He cites past recoveries of 33 million and pending cases potentially adding 44 million, urging better staffing and more prosecutions for consumers. The measure moves to the Assembly.
MENTIONED IN THIS ARTICLE
Sacramento
Senate
Robert J. Lagomarsino
Lagomarsino
Assembly