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A bill to provide that the Federal Trade Commission shall exercise authority with respect to mergers only under the Clayton Act and only in the same procedural manner as the Attorney General exercises such authority, and to require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission.

USA115th CongressS-2847| Senate 
| Updated: 5/15/2018
Mike Lee

Mike Lee

Republican Senator

Utah

Cosponsors (3)
Thomas Tillis (Republican)Orrin G. Hatch (Republican)Chuck Grassley (Republican)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 for the prohibition against acquisition by one corporation of the stock of another 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. This bill amends the Federal Communications Act of 1934 to require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission. These applications relate to transfer of control or assignment for radio station licenses.
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Timeline
May 15, 2018
Introduced in Senate
May 15, 2018
Read twice and referred to the Committee on the Judiciary.
  • May 15, 2018
    Introduced in Senate


  • May 15, 2018
    Read twice and referred to the Committee on the Judiciary.

Commerce

Related Bills

  • HR 115-7365: To require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission, and for other purposes.
  • HR 115-659: Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017
  • HR 115-5645: Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018
Administrative remediesBroadcasting, cable, digital technologiesCompetition and antitrustCorporate finance and managementFederal Communications Commission (FCC)Federal district courtsJudicial review and appealsJurisdiction and venueLicensing and registrationsSecuritiesTelephone and wireless communication

A bill to provide that the Federal Trade Commission shall exercise authority with respect to mergers only under the Clayton Act and only in the same procedural manner as the Attorney General exercises such authority, and to require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission.

USA115th CongressS-2847| Senate 
| Updated: 5/15/2018
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 for the prohibition against acquisition by one corporation of the stock of another 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. This bill amends the Federal Communications Act of 1934 to require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission. These applications relate to transfer of control or assignment for radio station licenses.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 15, 2018
Introduced in Senate
May 15, 2018
Read twice and referred to the Committee on the Judiciary.
  • May 15, 2018
    Introduced in Senate


  • May 15, 2018
    Read twice and referred to the Committee on the Judiciary.
Mike Lee

Mike Lee

Republican Senator

Utah

Cosponsors (3)
Thomas Tillis (Republican)Orrin G. Hatch (Republican)Chuck Grassley (Republican)

Judiciary Committee

Commerce

Related Bills

  • HR 115-7365: To require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission, and for other purposes.
  • HR 115-659: Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017
  • HR 115-5645: Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesBroadcasting, cable, digital technologiesCompetition and antitrustCorporate finance and managementFederal Communications Commission (FCC)Federal district courtsJudicial review and appealsJurisdiction and venueLicensing and registrationsSecuritiesTelephone and wireless communication