Sherman Antitrust Act of 1890

Regulation Reference Cite 15 U.S.C. §§ 1-7
Report Due Date (Actual) N/A
Level Requirement
Oversight Unit TBD
Person Responsible TBD
Secondary Person Responsible TBD
President / VP Level Finance
Description

The Sherman Act outlaws "every contract, combination, or conspiracy in restraint of trade," and any "monopolization, attempted monopolization, or conspiracy or combination to monopolize."

This law has been applied to colleges and universities in a number of instances regarding purchases. The Department of Justice interpreted this law to mean that financial aid awards must be established independently and not in concert with other institutions. May also apply to establishing prices for items in a bookstore based on collaboration with a wholesaler or another retailer.

Section 568 - known as the antitrust exemption - allows colleges and universities to collaborate on a common formula for determining a student's financial need.

Contacts and Data Sources

TBD
Internal Notes

This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information