Page:United States Statutes at Large Volume 107 Part 1.djvu/143

 PUBLIC LAW 103-42 —JUNE 10, 1993 107 STAT. 117 Public Law 103-42 103d Congress An Act To amend the National Cooperative Research Act of 1984 with respect to joint ventures entered into for the purpose of producing a product, process, or service. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the "National Cooperative Production Amendments of 1993". SEC. 2. FINDINGS AND PURPOSE. (a) FINDINGS.—The Congress finds that— (1) technological innovation and its profitable commercialization are critical components of the ability of the United States to raise the living standards of Americeins and to compete in world markets; (2) cooperative arrangements among nonaffiliated businesses in the private sector are often essential for successful technological innovation; and (3) the antitrust laws may have been mistakenly perceived to inhibit procompetitive cooperative innovation arrangements, and so clarification serves a useful purpose in helping to promote such arrangements. (b) PURPOSE.—It is the purpose of this Act to promote innovation, facilitate trade, and strengthen the competitiveness of the United States in world markets by clarifying the applicability of the rule of reason standard and establishing a procedure under which businesses may notify the Department of Justice and Federal Trade Commission of their cooperative ventures and thereby qualify for a single-damages limitation on civil antitrust liability. SEC. 3. AMENDMENTS. (a) SHORT TITLE.—Section 1 of the National Cooperative Research Act of 1984 (15 U.S.C. 4301 note) is amended by striking "National Cooperative Research Act of 1984" and inserting "National Cooperative Research and Production Act of 1993". (b) DEFINITION.— Section 2(a)(6) of the National Cooperative Research Act of 1984 (15 U.S.C. 4301(a)(6)) is amended— (1) in the matter preceding subparagraph (A) by striking " research and development"; (2) in subparagraph (D) by inserting "or production" after "research"; (3) in subparagraph (E) by striking "and (D)" and inserting "(D), (E), and (F)"; June 10, 1993 [H.R. 1313] National Cooperative Production Amendments of 1993. Business and industry. Commerce and trade. 15 USC 4301 note. 15 USC 4301 note. National Cooperative Research and Production Act of 1993.

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