S. 307 · 116th Congress
Consolidation Prevention and Competition Promotion Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KlobucharSponsor5 cosponsors · 5 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Consolidation Prevention and Competition Promotion Act of 2019
What it does: CRS summary · Introduced in Senate · Jan 31, 2019
Consolidation Prevention and Competition Promotion Act of 2019
This bill amends the Clayton Act to revise merger requirements. Specifically, the bill
- prohibits a merger that materially (currently, substantially) lessens competition in more than a de minimis amount or tends to create a monopsony (a market situation in which there is only one buyer);
- shifts the burden of proof to the merging companies to show that their consolidation will not harm competition;
- requires companies that enter into a settlement agreement with the Federal Trade Commission (FTC) or Department of Justice regarding a merger to report information that allows the agencies to assess the competitive impact of the merger, and
- establishes the Office of the Competition Advocate within the FTC.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Consolidation Prevention and Competition Promotion Act of 2019
Latest action (Jan 31, 2019): Read twice and referred to the Committee on the Judiciary.
Policy area: Commerce · Origin: Senate · Introduced: Jan 31, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.