Consolidation Prevention and Competition Promotion Act of 2017

Summary

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.

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Timeline

1. 14 September 2017

   Introduced

   Read twice and referred to the Committee on the Judiciary.

   Source: IntroReferral

2. 14 September 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 September 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 September 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 September 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 September 2017

  Open at official source

Sponsors

• Amy Klobuchar · D · Sponsor
• Kirsten Gillibrand · D · Sponsor
• Richard Blumenthal · D · Sponsor
• Edward Markey · D · Sponsor
• · ssju00 · Standing

Related records

• related to → Consolidation Prevention and Competition Promotion Act of 2019