Webb-Pomerene Act Law and Legal Definition
Webb-Pomerene Act of 1918 gives immunity to companies against antitrust laws. This Act granted exemption to the Clayton Anti-Trust Act of 1914, which is an act enacted in the U.S. to add further substance to the U.S. antitrust law regime by seeking to prevent anticompetitive practices in their incipiency. The exemptions of Webb-Pomerene lasted until 1920, as the federal trade commission granted stays of investigation for those companies that initially qualified for exemption under the 1918 act.
