DEVELOPMENTS IN FEDERAL ANTITRUST LEGISLATION

H.R. 71 (Celler) would make it unlawful for a manufacturer of "motor vehicles" (denned as passenger cars, trucks, buses and station wagons), or any person or company under the control of such manufacturer, to own or maintain facilities for financing whole sale or retail sales of motor vehicles manufactured by it or to issue insurance policies in connection with the sale or purchase of such motor vehicles. A similar bill, H.R. 708 (Multer), would limit the coverage of this legislation to passenger automobiles. Another bill, H.R. 709 (Multer), while omitting the prohibition against issuance of insurance policies, would make it unlawful for any manufacturing corporation engaged in interstate commerce to finance the wholesale or retail sale of any product manufactured by it. These bills have been referred to the House Judiciary Committee. (See 1963 Develop ments, 23 A.B.A. Antitrust Section 77).