Fair Prices for Local Businesses Act

This bill, titled the Fair Prices for Local Businesses Act, amends the Clayton Act to broaden the federal prohibition against price discrimination. It expands the law's scope to cover products and services rather than just physical goods, and extends its reach to include activities that affect commerce beyond direct commercial transactions. The bill also clarifies definitions of purchasing and adds liability for entities that induce or benefit from price discrimination, while providing a higher sales threshold for smaller businesses. Additionally, it strengthens legal remedies for victims of price discrimination by establishing a presumption of injury and allowing for additional damages beyond the amount of the discrimination itself.