Bill Details
Status
Latest action
2025-02-11 - Referred to the House Committee on the Judiciary.
Introduced Date
2025-02-11
Policy Area
Commerce
Committees
View committees (1)
Cosponsors
8
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This resolution would cancel a recent Federal Trade Commission rule about merger reporting. If approved, the FTC’s new requirements for giving notice before a merger and for waiting periods before completing certain deals would not take effect, or would stop having any legal force.
- It uses a congressional review process to reject the FTC rule.
- The rule it targets was published on November 12, 2024, and deals with premerger notification and waiting period requirements.
- If Congress agrees to this resolution, the FTC rule would have no force or effect.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 39 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. J. RES. 39
Providing for congressional disapproval under chapter 8 of title 5,
United States Code, of the rule submitted by the Federal Trade
Commission relating to ``Premerger Notification; Reporting and Waiting
Period Requirements''.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 11, 2025
Mr. Fitzgerald (for himself, Mr. Gooden, and Mr. Cline) submitted the
following joint resolution; which was referred to the Committee on the
Judiciary
_______________________________________________________________________
JOINT RESOLUTION
Providing for congressional disapproval under chapter 8 of title 5,
United States Code, of the rule submitted by the Federal Trade
Commission relating to ``Premerger Notification; Reporting and Waiting
Period Requirements''.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled, That Congress disapproves the
rule submitted by the Federal Trade Commission relating to ``Premerger
Notification; Reporting and Waiting Period Requirements'' (89 Fed. Reg.
89216; published November 12, 2024), and such rule shall have no force
or effect.
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