Summary: S.307 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.307. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/31/2019)

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.