3.0.0 1812 2023-01-11T13:38:35Z 2023-01-11T13:38:35Z Senate S 2017-09-14 115 ssju00 Judiciary Committee Senate Standing Referred to 2017-09-14T18:28:39Z 2017-09-14 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2017-09-14 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-09-14 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-09-14 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2017-09-14 True Commerce Business records Civil actions and liability Competition and antitrust Corporate finance and management Executive agency funding and structure Federal Trade Commission (FTC) Government information and archives Commerce 00 2017-09-14 Introduced in Senate 2018-12-21T21:32:13Z Consolidation Prevention and Competition Promotion Act of 2017

This bill 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 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.
]]> Consolidation Prevention and Competition Promotion Act of 2017 Display Title Consolidation Prevention and Competition Promotion Act of 2017 Short Titles as Introduced Consolidation Prevention and Competition Promotion Act of 2017 Official Title as Introduced A bill to amend the Clayton Act to modify the standard for an unlawful acquisition, and for other purposes. Introduced in Senate 2017-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1812is/xml/BILLS-115s1812is.xml 2017-09-14 Read twice and referred to the Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.