HR 3246 · 100th Congress · Commerce

Foreign Merger Information Act of 1987

Introduced 1987-09-09· Sponsored by Rep. Smith, Lawrence [D-FL-16]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Monopolies and Commercial Law.(1987-09-14)

Plain Language Summary

[AI summary unavailable — showing source text] Foreign Merger Information Act of 1987 - Amends the Clayton Act to revise premerger notification requirements. Applies such requirements to proposed mergers where: (1) the person to be acquired has total assets or annual net sales of $1,000,000 (currently, $10,000,000) or more; and (2) the acquiring person, if it is a foreign person, would hold five percent or more of the voting securities or assets of the acquired person.…

Summarized by Claude AI · Non-partisan · For informational purposes only