By a vote of 400 to 2, the House of Representatives passed a bill that would expand the powers of the Committee on Foreign Investment in the United States and reform the export control regime.
Members of the House Subcommittee on Monetary Policy and Trade considered testimony on proposed legislation to expand the jurisdiction, and update the operations, of the Committee on Foreign Investment in the United States.
The Federal Trade Commission filed an administrative complaint charging that a proposed merger of two significant titanium dioxide suppliers violates antitrust laws.
The Federal Trade Commission Premerger Notification Office has revised its position with respect to applying the size of transaction test in the leveraged buyout ("LBO") context by establishing that "new debt used to finance an LBO transaction, whether taken on by the buyer or the target, is to be included in the size of transaction."
The Federal Trade Commission approved final amendments to the Hart-Scott-Rodino Premerger Notification Rules ("HSR") that allow HSR filings to be submitted on DVDs.