Summary: S.1812 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1812. Bill summaries are authored by CRS.

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Introduced in Senate (09/14/2017)

Consolidation Prevention and Competition Promotion Act of 2017

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 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.