A PYMNTS Company

US: High-ranking Republican wants merger review fast-tracked

By  |  May 2, 2013

The US Senate’s highest-ranking Republican on its Antitrust Subcommittee has introduced his support for an unburdened premerger notification program. In a statement given last Wednesday, Senator Mike Lee of Utah championed the idea to fast track the merger review process without infringing on “the proper role of antitrust enforcement.” Despite his position, Senator Lee did not offer a potential plan as to how to accomplish the idea; he has not introduced any related legislation to the Senate this year. When asked to comment, Lee declined to be interviewed, according to reports. As the Federal Trade Commission and the Department of Justice have just 30 days to review merger cases, reports note that 3.5 of all potential mergers had those authorities requesting more information and thus earning more time for review – it’s a rate that varies between 2.5 and 4.5 percent in the last ten years.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Thomson Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.