Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS NEWS: House Judiciary Committee clears bill to harmonize DOJ, FTC merger review process, (Sep 11, 2014)
Organizations Mentioned:Antitrust Modernization Commission
The House Judiciary Committee yesterday approved, on a voice vote, the proposed Standard Merger and Acquisitions Reviews Through Equal Rules (SMARTER) Act (H.R. 5402), which aims to harmonize the rules and processes used by the Department of Justice and Federal Trade Commission in their reviews of mergers and acquisitions.
H.R. 5402 was introduced on September 8 by Rep. Blake Farenthold (R., Texas), chairman of the Regulatory Reform, Commercial, and Antitrust Law subcommittee.
"One way we can grow our economy is by making sure businesses receive fair and consistent treatment when dealing with the federal government," Rep. Farenthold said. "My SMARTER Act does just that by implementing the Antitrust Modernization Commission’s bi-partisan recommendations to make the antitrust review process the same whether a merger is before the FTC or DOJ.”
News: AcquisitionsMergers Antitrust