Standard Merger and Acquisition Reviews Through Equal Rules Act of 2014

Bill: 113-hr-5402
Sponsor: Rep. Farenthold, Blake [R-TX-27]
Introduced: 2014-09-08 in the House
Policy area: Commerce
Subjects: Administrative law and regulatory procedures
Civil actions and liability
Competition and antitrust
Corporate finance and management
Federal Trade Commission (FTC)
Federal district courts
Jurisdiction and venue
Securities

Summary:
action_date: 2014-09-08
text: 
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2014 - Amends the Clayton Act with respect to actions brought by the Attorney General for violations of antitrust laws. Requires the Federal Trade Commission (FTC), but only under the Clayton Act, to exercise the same authority and procedures of the Attorney General specified in the 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.
 
Amends the Federal Trade Commission Act (FTCA) to exclude proposed mergers, acquisitions, joint ventures, or similar transactions from FTC proceedings.
 
Grants jurisdiction to the U.S. district courts 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 results in an unfair method of competition.

action_date: 2014-12-11
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2014 - Amends the Clayton Act with respect to actions brought by the Attorney General for violations of antitrust laws. Requires the Federal Trade Commission (FTC), but only under the Clayton Act, to exercise the same authority and procedures of the Attorney General specified in the 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.
 
Amends the Federal Trade Commission Act (FTCA) to exclude proposed mergers, acquisitions, joint ventures, or similar transactions from FTC proceedings.
 
Grants jurisdiction to the U.S. district courts 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 results in an unfair method of competition.


Legislative actions:
action_date: 2014-12-11
text: Placed on the Union Calendar, Calendar No. 495.
action_date: 2014-12-11
text: Reported by the Committee on Judiciary. H. Rept. 113-658.
action_date: 2014-12-11
text: Reported by the Committee on Judiciary. H. Rept. 113-658.
action_date: 2014-09-10
text: Ordered to be Reported by Voice Vote.
action_date: 2014-09-10
text: Committee Consideration and Mark-up Session Held.
action_date: 2014-09-09
text: Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
action_date: 2014-09-08
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
action_date: 2014-09-08
text: Referred to the House Committee on the Judiciary.
action_date: 2014-09-08
text: Introduced in House
action_date: 2014-09-08
text: Introduced in House