3.0.0 3847 2022-12-29T22:33:30Z 2022-12-29T22:33:30Z Senate S 2022-03-16 117 ssju00 Judiciary Committee Senate Standing Referred to 2022-03-16T17:10:39Z Prohibiting Anticompetitive Mergers Act of 2022 117 7101 HR 2022-11-01 Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. Identical bill CRS 2022-03-16 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2022-03-16 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2022-03-16 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2022-03-16 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2022-03-16 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2022-03-16 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2022-03-16 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2022-03-16 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2022-03-16 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2022-03-16 True Commerce Administrative law and regulatory procedures Appropriations Civil actions and liability Competition and antitrust Consumer affairs Corporate finance and management Department of Justice District of Columbia Executive agency funding and structure Federal Trade Commission (FTC) Federal appellate courts Federal district courts Judicial review and appeals Minority and disadvantaged businesses Poverty and welfare assistance Right of privacy State and local government operations Supreme Court Commerce 00 2022-03-16 Introduced in Senate 2022-11-01T13:29:29Z Prohibiting Anticompetitive Mergers Act of 2022

This bill prohibits certain business mergers, modifies the procedures for reviewing mergers, and establishes procedures for reversing certain mergers.

Specifically, the bill prohibits mergers that (1) are valued at more than $5 billion in total assets, (2) result in the acquiring entity having a market share of greater than 33% (or a share of a labor market as an employer of greater than 25%), or (3) result in market concentration levels that exceed specified thresholds.

The bill also expands the authority of the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) to review pending mergers, including whether a merger is likely to harm the competitive process and the effect of a merger on relevant labor markets.

Finally, the bill authorizes the FTC and the Antitrust Division of the DOJ to retroactively unwind mergers that are prohibited under the bill or that meet certain other anticompetitive criteria such as a merger that results in a greater than 50% share of a relevant market.

]]> Prohibiting Anticompetitive Mergers Act of 2022 Display Title Prohibiting Anticompetitive Mergers Act of 2022 Short Title(s) as Introduced Prohibiting Anticompetitive Mergers Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to prohibit certain anticompetitive mergers, to amend the Clayton Act to permit the Federal Trade Commission and the Department of Justice to reject proposed acquisitions, to implement procedures for retrospective reviews and breaking up anticompetitive consummated acquisitions, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3847is/xml/BILLS-117s3847is.xml 2022-03-16 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.