On the 5th of April, the House Judiciary Committee approved legislation that would curtail the Federal Trade Commission’s ability to challenge mergers.
The legislation would provide greater certainty to the merger review process by harmonizing conflicting approaches at the FTC and the Department of Justice. Critics argue that it would unnecessarily weaken the FTC by taking away a useful enforcement tool.
The House is slated to recess April 7 and return for a spring break on April 25. “We hope that it’ll reach the floor during the next work period,” a spokeswoman for bill sponsor Blake Farenthold told Bloomberg.
Under the Republican bill, H.R. 659, the FTC would no longer be able to subject proposed mergers to administrative litigation. Currently, in addition to going to court to challenge a merger, the FTC may use an internal process through which cases are heard and decided by an administrative law judge.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI