Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018
Sponsored By: Representative Handel, Karen C. [R-GA-6]
Unknown
Summary
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018 This bill amends the Clayton Act with respect to notice to a state by the Department of Justice (DOJ) about federal actions brought for violations of antitrust laws. The Federal Trade Commission (FTC) shall exercise the same authority and procedures as DOJ under the Clayton Act if the FTC has brought an action under such Act with respect to the prohibition against acquisition by one corporation of the stock of another (merger) that may substantially lessen competition or tend to create a monopoly. The Federal Trade Commission Act (FTCA) is amended to exclude proposed mergers, acquisitions, joint ventures, or similar transactions from ordinary FTC proceedings, except in cases where the FTC approves an agreement with the parties to the transaction that contains a consent order. U.S. district courts shall have jurisdiction to issue writs of mandamus commanding compliance with the FTCA or any FTC order, if the FTC applies to such courts with respect to any activity related to consummation of a merger, acquisition, joint venture, or similar transaction that may result in an unfair method of competition.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Handel, Karen C. [R-GA-6]
GA • R
Cosponsors
Rep. Peters, Scott H. [D-CA-50]
CA • D
Sponsored 4/27/2018
ROBERT GOODLATTE
VA • R
Sponsored 4/27/2018
COLLIN PETERSON
MN • D
Sponsored 4/27/2018
Rep. Collins, Doug [R-GA-9]
GA • R
Sponsored 4/27/2018
Rep. Marino, Tom [R-PA-10]
PA • R
Sponsored 4/27/2018
Rep. Messer, Luke [R-IN-6]
IN • R
Sponsored 5/3/2018
Rep. Sessions, Pete [R-TX-17]
TX • R
Sponsored 5/3/2018
Roll Call Votes
No roll call votes available for this bill.
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