In testimony before the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, DOJ Assistant Attorney General Jonathan Kanter and FTC Chair Lina M. Khan described challenges in the current enforcement of federal antitrust laws.
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The FTC restored its past practice of requiring merging parties to obtain prior approval from the FTC "before closing any future transaction affecting each relevant market for which a violation was alleged."
In response to a surge in merger filings, the FTC introduced changes to its mergers and acquisitions investigations, and assessments of second requests and second request negotiations.
The FTC approved eight new compulsory process resolutions intended to improve the efficiency of the agency's enforcement efforts.
FTC Acting Chair Rebecca Kelly Slaughter urged Congress to restore the FTC's ability to obtain equitable monetary relief after a recent Supreme Court determination that the agency does not have that authority.