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.
The DOJ Antitrust Division and the Federal Maritime Commission entered into a Memorandum of Understanding which sets forth the terms for agency cooperation on antitrust enforcement in the U.S.-international ocean liner shipping industry.