Merger Modernization Act of 1986

Summary

Merger Modernization Act of 1986 - Amends the Clayton Act to revise the standard of anticompetitive effects required to prohibit a merger. Prohibits a merger if there is a significant probability that the merger will substantially increase the ability to exercise market power. Defines "the ability to exercise market power" as the ability of one or more firms profitably to maintain prices above competitive levels for a significant period of time. Directs the courts, in determining whether a merger will substantially increase the ability of a firm to exercise market power, to consider all economic factors relevant to the affected markets, including: (1) the difficulty of entry by foreign or domestic firms into the market; (2) efficiencies derived from the merger; and (3) any other evidence indicating whether the merger will increase the ability to exercise market power.

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Timeline

1. 7 March 1986

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 7 March 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 21 March 1986

   Committee

   Committee on Judiciary requested executive comment from Federal Trade Commission.

   Source: Committee

4. 9 April 1986

   Committee

   Committee on Judiciary. Hearings held.

   Source: Committee

5. 12 May 1986

   Committee

   Committee on Judiciary. Hearings held.

   Source: Committee

6. 21 May 1986

   Committee

   Committee on Judiciary. Hearings concluded. Hearings printed: S.Hrg. 99-725.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 7 March 1986

  Open at official source

Sponsors

• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. East, John P. [R-NC] · R · Sponsor
• Sen. McConnell, Mitch [R-KY] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Sen. Chafee, John H. [R-RI] · R · Cosponsor
• Sen. Symms, Steven D. [R-ID] · R · Cosponsor
• Sen. Simpson, Alan K. [R-WY] · R · Cosponsor
• · ssju00 · Standing

Related records

• related to → Merger Modernization Act of 1986