Show u 7 I Senators Back Antitrust st Bill Bili I WASHINGTON July 26 INSA INS INSA A A bipartisan group of seven sOven senators senators' Friday introduced what was termed the most sweeping antimonopoly measure since the th thI Sherman antitrust act Tho new legislation termed the OI antimonopoly act of 1047 1947 was introduced by by- byS S Sea Sen n. n Morse R. R Ore on behalf of himself and six cos cosponsors with hearings expected to be held early Those rhose sponsoring sponsoring- the measure included in addition to Morse Senators Sen Sea ator Alk n R. R Vt Langer CR R. R N D. D Murray urray JD D. D Mont Monte Mitchell cD D. D Wash Taylor D. D Idaho and Kilgore D. D W. W Va The bill ties In t the e an antimonopoly program with the employment act of 1946 Tho The legislation provides for tor elimination o 0 f t discriminatory freight rates prevention of misuse of patents for monopolistic purpose purposes pur pur- poses pose and credit assistance for small business It also calls caUs for an additional six million dollars for tor the justice departments department's departments department's de dc de antitrust division expanded expanded ex ex- operation of the federal trade commission in antitrust proceedings pro pro- coordination of f government govern ii merit ment antitrust t activities and the formulation of new regulations wherever necessary to control monopoly |