SENATE 307116th CongressRead twice and referred to the Committee on the Judiciary.
Consolidation Prevention and Competition Promotion Act of 2019
- Last Action
- 1/31/2019
CRS Summary
As of 2019-01-31 (00)
Consolidation Prevention and Competition Promotion Act of 2019
This bill amends the Clayton Act to revise merger requirements. Specifically, the bill
- prohibits a merger that materially (currently, substantially) lessens competition in more than a de minimis amount or tends to create a monopsony (a market situation in which there is only one buyer);
- shifts the burden of proof to the merging companies to show that their consolidation will not harm competition;
- requires companies that enter into a settlement agreement with the Federal Trade Commission (FTC) or Department of Justice regarding a merger to report information that allows the agencies to assess the competitive impact of the merger, and
- establishes the Office of the Competition Advocate within the FTC.
Subjects
- Business records
- Civil actions and liability
- Competition and antitrust
- Consumer affairs
- Corporate finance and management
- Executive agency funding and structure
- Federal Trade Commission (FTC)
- Government information and archives
- Small business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.