US SB307 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 31 2019 - 25% progression, died in committee
Action: 2019-01-31 - Read twice and referred to the Committee on the Judiciary.
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2019 - 25% progression, died in committee
Action: 2019-01-31 - Read twice and referred to the Committee on the Judiciary.
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Clayton Act to revise merger requirements. Specifically, the bill prohibits a merger that materially (currently, substantially) lessens competition in more than a de minimis amount or tends to create a monopsony (a market situation in which there is only one buyer); shifts the burden of proof to the merging companies to show that their consolidation will not harm competition; requires companies that enter into a settlement agreement with the Federal Trade Commission (FTC) or Department of Justice regarding a merger to report information that allows the agencies to assess the competitive impact of the merger, and establishes the Office of the Competition Advocate within the FTC.
Title
Consolidation Prevention and Competition Promotion Act of 2019
Sponsors
Sen. Amy Klobuchar [D-MN] | Sen. Edward Markey [D-MA] | Sen. Richard Blumenthal [D-CT] | Sen. Cory Booker [D-NJ] |
Sen. Kirsten Gillibrand [D-NY] | Sen. Mazie Hirono [D-HI] |
History
Date | Chamber | Action |
---|---|---|
2019-01-31 | Senate | Read twice and referred to the Committee on the Judiciary. |
Subjects
Business records
Civil actions and liability
Commerce
Competition and antitrust
Corporate finance and management
Executive agency funding and structure
Federal Trade Commission (FTC)
Government information and archives
Civil actions and liability
Commerce
Competition and antitrust
Corporate finance and management
Executive agency funding and structure
Federal Trade Commission (FTC)
Government information and archives
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/307/all-info |
Text | https://www.congress.gov/116/bills/s307/BILLS-116s307is.pdf |