Discussion
Which of the following is not a major item of US antitrust legislation?
(I) Garn-St. Germain Act
(II) Clayton Act
(III) Hart-Scott-Rodino Act
Answer: A
Correct answer: I only
The Garn-St. Germain Act of 1982 was banking deregulation, chiefly concerning savings and loan institutions, and has nothing to do with competition law. The Clayton Act and the Hart-Scott-Rodino Act are both antitrust statutes - the first prohibiting acquisitions that substantially lessen competition, the second requiring pre-merger notification so that the authorities can review a deal before it closes.
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