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FTC | RIN: 3084-AA91 | Publication ID: Fall 2004 |
Title: Premerger Notification Rules and Report Form | |
Abstract: The Premerger Notification Rules (HSR Rules or Rules) and the Antitrust Improvements Act Notification and Report Form (HSR Form) were adopted pursuant to section 7A of the Clayton Act. Section 7A requires firms of a certain size contemplating mergers or acquisitions of a specified size to file notification with the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) and to wait a designated period of time before consummating the transaction. It also requires the FTC, with the concurrence of the U.S. Assistant Attorney General for Antitrust, to promulgate rules requiring that notification be in a form and contain information necessary to enable the FTC and DOJ to determine whether the proposed acquisition may, if consummated, violate the antitrust laws. These rules are continually reviewed in order to improve the program's effectiveness and to reduce the paperwork burden on the business community. On April 8, 2004, the Commission issued a Notice of Proposed Rulemaking (NPRM) to reconcile, as far as practical, the current disparate treatment of corporations, partnerships, limited liability companies and other types of non-corporate entities under the Rules. 69 FR 18686. By the end of 2004, the Commission anticipates amending the HSR rules to allow parties to file the HSR form electronically via the Internet. | |
Agency: Federal Trade Commission(FTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 16 CFR 801 to 803 | |
Legal Authority: 15 USC 18a Clayton Act |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
Public Comment URL: www.regulations.gov | |
Related RINs: Previously reported as 3084-AA23 | |
Agency Contact: Marian Bruno Deputy Director Federal Trade Commission Premerger Notification Office, Bureau of Competition, 600 Pennsylvania Avenue NW, Washington, DC 20580 Phone:202 326-2846 Email: mbruno@ftc.gov |