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 House Judiciary Committee requested information from three of the largest asset managers in finance pursuant to a Committee inquiry into "the sufficiency of existing antitrust laws to address collusive agreements to promote and adopt progressive environmental, social, and governance (ESG) goals."
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.