Sec. 203. Merger notification requirements
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/bill/117/s/2039/is/section-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7A(a)(2) of the Clayton Act ( 15 U.S.C. 18a(a)(2) ) is amended— by redesignating subclause
(III)of subparagraph (B)(ii) as item (bb); by striking (ii)(I) any voting and all that follows through
(II)any voting securities or assets of a person not engaged in manufacturing and inserting (II)(aa) any voting securities or assets of a person ; by striking (B)(i) in excess and inserting (ii)(I) in excess ; by striking
(A)in excess and inserting
(i)in excess ; by inserting
(A)after
(2); by striking published) or more. and inserting published) or more; or ; and by inserting after subparagraph (A), as so redesignated, the following: except with respect to an acquisition made solely for the purpose of investment, the acquiring person— has assets in excess of $500,000,000,000; or is owned or controlled by a foreign government. . The Assistant Attorney General shall amend sections 802.50 and 802.51 of title 16, Code of Federal Regulations, and any other rule or regulation, to repeal any exception from filing a notification under subsection
(a)of section 7A of the Clayton Act ( 15 U.S.C. 18a ) or from the waiting period described in subsection (b)(1) of such section with respect to an acquisition on the basis that the acquisition has a limited nexus with the United States. The Assistant Attorney General may not promulgate or enforce any rule that excludes from the requirements under section 7A of the Clayton Act ( 15 U.S.C. 18a ) any acquisition by or of a person engaged in commerce or in any activity affecting commerce on the basis that the acquisition has a limited nexus with the United States.
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Sec. 203
Merger notification requirements
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