A bill to amend the Clayton Act and the Internal Revenue Code of 1954 with respect to punitive damages received by private litigants under the Clayton Act, and for other purposes.

Title I: Statement of Antitrust Policy - Amends the Clayton Antitrust Act to set forth Congressional findings that private antitrust suits are a vital part of the effort to enforce the antitrust laws and that allowing a tax deduction for punitive damage payments weakens the deterrent effect of antitrust laws.

Title II: Amendments to the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to disallow tax deductions for antitrust punitive damages paid or incurred by a taxpayer.