To enhance the competition in the soft drink industry by improving the application of the antitrust laws to soft drink piggyback license arrangements for a temporary period of time.

Withdraws until September 30, 1993, the authority of the Federal Trade Commission (FTC) to prohibit or impede any proposed transfer of a soft drink trademark licensing contract or to challenge the lawfulness of any such past transfer.

Permits the FTC, during such period, to retain whatever authority it may have had prior to enactment of this Act with respect to any proposed or past transfer otherwise subject to such provision, under specified limitations, if: (1) the licensee transferring the license has a market share of at least 15 percent; (2) there is a third-tier alternative licensee; or (3) as a direct result of such transfer, one licensee would become the sole licensee for trademarked soft drinks in the relevant geographic market.

Specifies that nothing in this Act shall be construed to limit the authority of the Department of Justice to challenge transfers of soft drink trademark licensing contracts under the antitrust laws.