Congressman Fitzgerald’s proposed National Merger Uniformity and Federal Exclusivity Act would grant the FTC and DOJ with exclusive authority to investigate, challenge, approve, consent to, or settle transactions that are reasonably likely to have substantial direct economic effects on interstate or international commerce, foreign markets, international supply chains, or trade between the United States and foreign countries.
establish federal exclusivity for reviewing or challenging mergers and acquisitions with substantial interstate or international economic effects
Occurrences
Evidence
verified · Source version 85554 · locator 1025
has introduced a discussion draft of legislation to provide the Federal Trade Commission (FTC) and Department of Justice (DOJ) with exclusive authority
Assessments
The verified commitment described Fitzgerald's proposed bill as granting FTC and DOJ exclusive authority over qualifying merger and acquisition review. The verified passage only shows that Fitzgerald introduced a discussion draft to provide that exclusive authority. Because the commitment is an outcome promise and the verified evidence shows effort short of enactment, with no documented expired deadline or verified passage showing federal exclusivity became law, the outcome remains unresolved.