Take THAT, Wiggy!
Madison – Today, Representative Leah Vukmir (R-Wauwatosa) and Representative Bill Kramer (R-Waukesha) unveiled legislation that will repeal Wisconsin’s archaic Unfair Sales Act and put into place a legislative framework that fosters competition, puts consumer welfare paramount, and reflects a vibrant 21st century marketplace.
The statutes will reflect United States and Wisconsin Supreme Court standards for determining anticompetitive behavior. Recent decisions by the courts have clearly stated that competition, not competitors, should be the overriding interest in the marketplace. As Daniel Crane of the Benjamin Cardozo School of Law points out, “punishing excessively low prices is paradoxical because the very objective of […] antitrust laws is to secure low prices for consumers.”