Congress 115 - HR 5645 - Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018

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Commerce Competition and antitrust Corporate finance and management Federal district courts Jurisdiction and venue Securities

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Summary

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.

Actions

May 10, 2018

Received in the Senate and Read twice and referred to the Committee on the Judiciary.
May 9, 2018

Motion to reconsider laid on the table Agreed to without objection.
May 9, 2018

On passage Passed by the Yeas and Nays: 230 - 185 (Roll no. 177).
May 9, 2018

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 185 (Roll no. 177).
May 9, 2018

On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 220 (Roll no. 176).
May 9, 2018

Considered as unfinished business. (consideration: CR H3865-3866)
May 9, 2018

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.
May 9, 2018

The previous question on the motion to recommit with instructions was ordered without objection.
May 9, 2018

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.
May 9, 2018

Mr. Doggett moved to recommit with instructions to the Committee on the Judiciary. (text: CR H3857)
May 9, 2018

DEBATE - Pursuant to the provisions of H. Res. 872, the House proceeded with 10 minutes of debate on the Goodlatte amendment No. 1.
May 9, 2018

DEBATE - The House proceeded with one hour of debate on H.R. 5645.
May 9, 2018

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.
May 9, 2018

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.
May 9, 2018

Considered under the provisions of rule H. Res. 872. (consideration: CR H5645; text of measure as reported in House: CR H3851)
May 7, 2018

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.
Apr 27, 2018

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Apr 27, 2018

Referred to the House Committee on the Judiciary.
Apr 27, 2018

Introduced in House

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