AK House Majority
The 27th Alaska State Legislature, 2011 - 2012  Print Friendly Version 
Press Release: House Majority Press

House Puts Teeth Into State's Antitrust Penalties

Olson's HB 87 Increases Criminal Fines and Adds New Civil Fines
Ak Legislative MajorityAk Legislative Majority
Rep. Kurt Olson R-29
Ak House Majority

Rep. Kurt Olson (R-29)
Chair, (H) L&C Com.
Ak Majority Organization

Ak Majority Organization

Posted: April 4, 2011
Contact: Konrad Jackson, 465-4954, Committee Aide


(Juneau) - The Alaska State House of Representatives today unanimously passed legislation significantly increasing the state's antitrust penalties, giving the state's Department of Law stronger tools to prosecute and deter the violations.

Ak St Legislature Majority

Ak St Legislature MajorityIt's about giving our laws some teeth, since now the monetary disincentive to follow the law is so low.
~ Rep. Kurt OlsonAk St Legislature Majority

Ak St Legislature Majority

House Bill 87, sponsored by Rep. Kurt Olson, R-Kenai, increases antitrust criminal fines from $20-thousand to $1-million for individuals, and from $50-thousand to $50-million for organizations. The bill also turns the act from a misdemeanor to a class C felony. "It's about giving our laws some teeth, since now the monetary disincentive to follow the law is so low," Olson said. "If a court action rises to the antitrust level - which keeps markets competitive and monopolies from occurring - then the situation is tedious and involved, costing taxpayers money. HB 87 allows the state to recoup costs and lay out a real penalty to people and organizations."

HB 87 also adds a civil provision to law allowing the Dept. of Law to file a civil suit, seeking the same amounts as the increases to the criminal suits. Olson says most other states have already added the civil component to their laws.

HB 87 now moves to the Alaska Senate for consideration.

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