Definitions

In this Act: (1) Commission The term Commission means the Federal Trade Commission. (2) Critical trading partner The term critical trading partner means a person that has the ability to restrict, impede, or foreclose access to the inputs, customers, partners, goods, services, technology, platform, facilities, or tools of such person in a way that harms competition or limits the ability of the customers or suppliers of such person to carry out business effectively. (3) Exceptional market shock The term exceptional market shock means— (A) any change or imminently threatened (as determined under guidance issued by the Commission) change in the market for a good or service resulting from a natural disaster, failure or shortage of electric power or other source of energy, concerted labor action, lockout, civil disorder, war, military action, national or local emergency, abrupt or significant shift in trade policy, public health emergency, or any other cause of an atypical disruption in such market; or (B) any period of time during which the President has declared a major disaster or emergency under section 401 or 502, respectively, of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170, 5191). (4) Good or service The term good or service means any good or service offered in commerce. (5) State The term State means each of the several States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe. (6) Ultimate parent entity The term ultimate parent entity has the meaning given such term in section 801.1 of title 16, Code of Federal Regulations (or any successor regulation).