S. 4876 · 116th Congress
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2020
- Stage
- In committee
- Sponsor
- Mike Lee
- Introduced
- 2020-10-26
- Latest action
- 2020-10-26 · Introduced in Senate
Summary
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2020
This bill requires the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to use the same procedures when enforcing antitrust law, and it requires the FTC to issue a decision within 180 days of receiving a merger application.
Under current law, the FTC litigates the merits of contested merger cases before its own administrative tribunals. The bill requires the FTC to litigate these cases in federal court, similar to DOJ.