Sec. 3. Mergers and acquisitions of railroads
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/bill/114/s/1634/is/section-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7 of the Clayton Act ( 15 U.S.C. 18 ) is amended— in the first undesignated paragraph, by striking That no person and inserting the following: No person ; in the second undesignated paragraph, by striking No person shall and inserting the following: No person shall ; in the third undesignated paragraph, by striking This section and inserting the following: This section ; in the fourth undesignated paragraph, by striking Nor shall anything herein contained be construed and inserting the following:
Nothing in this section may be construed ; in the fifth undesignated paragraph— by striking Nothing contained in this section shall be held and inserting the following: Nothing in this section— shall be held ; and by striking acquired: Provided, That nothing in this section shall be held or construed and inserting the following: “acquired; or shall be held or construed ; and by amending the sixth undesignated paragraph to read as follows: Nothing in this section shall apply to transactions duly consummated pursuant to authority given by the Secretary of Transportation, the Secretary of Agriculture, the Surface Transportation Board (except for transactions described in section 11321 of title 49, United States Code), the Federal Energy Regulatory Commission in the exercise of its jurisdiction under the Public Utility Holding Company Act of 2005 (subtitle F of title XII of Public Law 109–58 ), or the United States Maritime Commission under any law vesting such power in such Secretary, Board, or Commission. .
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- Pub. L. 109-58
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