This bill would standardize procedures used by the Federal Trade Commission (FTC) and the Dept. of Justice (DOJ) when reviewing proposed mergers or acquisitions that may lessen competition or lead to monopolies. Both the FTC and DOJ are responsible for enforcing antitrust laws, but the way they exercise that authority under current law is different.
Specifically, this bill would harmonize the standard each agency must meet before a federal court can issue a preliminary injunction against a proposed merger or acquisition. It also directs the FTC to resolve contested mergers or acquisitions through a federal court rather than through administrative litigation.