Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018
Latest action · May 15, 2018 Read twice and referred to the Committee on the Judiciary.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 15, 2018
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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 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.
Cosponsors 3
Members who signed on, in the order they did. All signed on May 15, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IA | Chuck Grassley | Original | May 15, 2018 |
| R-UT | Orrin G. Hatch | Original | May 15, 2018 |
| R-NC | Thom Tillis | Original | May 15, 2018 |
Actions 2
Everything that happened, newest first.
- May 15, 2018Introduced in Senate
- May 15, 2018Read twice and referred to the Committee on the Judiciary.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 659 | Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017 | Related bill | Nov 15, 2017 |
| HR 5645 | Standard Merger and Acquisition Reviews Through Equal Rules Act of 2018 | Related bill | May 10, 2018 |
| HR 7365 | To require the Federal Communications Commission to approve or deny a license transfer application within 180 days of submission, and for other purposes. | Related bill | Dec 20, 2018 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Administrative remedies
- Broadcasting, cable, digital technologies
- Commerce
- Competition and antitrust
- Corporate finance and management
- Federal Communications Commission (FCC)
- Federal district courts
- Judicial review and appeals
- Jurisdiction and venue
- Licensing and registrations
- Securities
- Telephone and wireless communication
Text 1
Each version as it was printed, newest first.
- May 15, 2018Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.