Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018

Bill: 115-hr-5645
Sponsor: Rep. Handel, Karen C. [R-GA-6]
Introduced: 2018-04-27 in the House
Policy area: Commerce
Subjects: Competition and antitrust
Corporate finance and management
Federal district courts
Jurisdiction and venue
Securities

Summary:
action_date: 2018-04-27
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.


Legislative actions:
action_date: 2018-05-10
text: Received in the Senate and Read twice and referred to the Committee on the Judiciary.
action_date: 2018-05-09
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-05-09
text: On passage Passed by the Yeas and Nays: 230 - 185 (Roll no. 177).
action_date: 2018-05-09
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 185 (Roll no. 177).
action_date: 2018-05-09
text: On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 220 (Roll no. 176).
action_date: 2018-05-09
text: Considered as unfinished business. (consideration: CR H3865-3866)
action_date: 2018-05-09
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Doggett motion to recommit with instructions, the Chair put the question on adoption of the motion and by voice vote announced that the noes had prevailed. Mr. Doggett demanded the yeas and nays, and the Chair postponed further proceedings on the question of adoption until later in the legislative day.
action_date: 2018-05-09
text: The previous question on the motion to recommit with instructions was ordered without objection.
action_date: 2018-05-09
text: Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Doggett motion to recommit. The instructions contained in the motion seek to report the bill back to the House forthwith with an amendment to add a section relating to protecting consumers against high prescription drug costs.
action_date: 2018-05-09
text: Mr. Doggett moved to recommit with instructions to the Committee on the Judiciary. (text: CR H3857)
action_date: 2018-05-09
text: DEBATE - Pursuant to the provisions of H. Res. 872, the House proceeded with 10 minutes of debate on the Goodlatte amendment No. 1.
action_date: 2018-05-09
text: DEBATE - The House proceeded with one hour of debate on H.R. 5645.
action_date: 2018-05-09
text: ORDER OF PROCEDURE - Mr. Goodlattte asked unanimous consent that the question of adopting the amendment to H.R. 5645 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection.
action_date: 2018-05-09
text: Rule provides for consideration of H.R. 5645, H.R. 2152 and S.J. Res. 57. Rule provides for consideration of H.R. 5645 under a structured rule, with one motion to recommit with or without instructions. Rule provides for consideration of H.R. 2152 under a closed rule, with one motion to recommit with or without instructions. Rule also provides for consideration of S.J. Res. 57 under a closed rule with one motion to commit.
action_date: 2018-05-09
text: Considered under the provisions of rule H. Res. 872. (consideration: CR H5645; text of measure as reported in House: CR H3851)
action_date: 2018-05-07
text: Rules Committee Resolution H. Res. 872 Reported to House. Rule provides for consideration of H.R. 5645, H.R. 2152 and S.J. Res. 57. Rule provides for consideration of H.R. 5645 under a structured rule, with one motion to recommit with or without instructions. Rule provides for consideration of H.R. 2152 under a closed rule, with one motion to recommit with or without instructions. Rule also provides for consideration of S.J. Res. 57 under a closed rule with one motion to commit.
action_date: 2018-04-27
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
action_date: 2018-04-27
text: Referred to the House Committee on the Judiciary.
action_date: 2018-04-27
text: Introduced in House
action_date: 2018-04-27
text: Introduced in House