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United States antitrust law. United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
A federal law enacted in 1914 as an amendment to the Sherman Anti-Trust Act (15 U.S.C.A. Â§ 1 et seq. [1890]), prohibiting undue restriction of trade and commerce by designated methods.he Clayton Act (15 U.S.C.A. Â§ 12 et seq. [1914]) was originally enacted to exempt unions from the scope of antitrust laws by refusing to treat human labor as a commodity or an article of commerce.