HR 5645 · 115th Congress · Commerce

Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018

Introduced 2018-04-27· Sponsored by Rep. Handel, Karen C. [R-GA-6]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on the Judiciary.(2018-05-10)

Recorded Votes

PassedHouse · 2018-05-09
Roll #177
Yea 230Nay 185
Democrats
4 Yea·184 Nay
Republicans
226 Yea·1 Nay
PassedHouse · 2018-05-09
Roll #177
Yea 230Nay 185
Democrats
4 Yea·184 Nay
Republicans
226 Yea·1 Nay
FailedHouse · 2018-05-09
Roll #176
Yea 193Nay 220
Democrats
191 Yea·0 Nay
Republicans
2 Yea·220 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (7)

2 Democrats5 Republicans