The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
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The Managed Funds Association urged the FTC to withdraw its proposed amendments to "redesign" the premerger notification process.
The Congressional Research Service reviewed draft Merger Guidelines proposed by the DOJ and FTC, early responses to the proposed draft and policy considerations for Congress.
The FTC proposed amendments to "redesign" the premerger notification process to improve the "efficiency and effectiveness" of the initial review process for certain mergers and acquisitions.
FTC increased the notification threshold for reporting proposed mergers and acquisitions under the Hart-Scott-Rodino Act ("HSR"). The FTC also set new HSR filing-fee tiers based on the size of the proposed transaction and increased the thresholds relating to interlocking directors.