Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017
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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-11-15 | Calendars | Placed on the Union Calendar, Calendar No. 304. | House floor actions |
| 2017-11-15 | Committee | Reported by the Committee on Judiciary. H. Rept. 115-412. | House floor actions |
| 2017-04-05 | Committee | Ordered to be Reported by the Yeas and Nays: 16 - 10. | House committee actions |
| 2017-04-05 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-02-08 | Committee | Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. | House committee actions |
| 2017-01-24 | IntroReferral | Referred to the House Committee on the Judiciary. | House floor actions |
| 2017-01-24 | IntroReferral | Introduced in House | Library of Congress |