Sen. Herb Kohl, D-Wis., the chairman of the Senate Antitrust Subcommittee, introduced legislation on Wednesday that would make it harder for gasoline mergers to win antitrust approval. The Oil Industry Merger Antitrust Enforcement Act would change the current review process by demanding proof from merging parties that their transaction will not harm competition and allow the Federal Trade Commission and Justice Department to block proposed mergers that do.
March 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The chairman of the Senate Antitrust Subcommittee on Wednesday introduced legislation that would make it harder for gasoline mergers to win antitrust approval.
The Oil Industry Merger Antitrust Enforcement Act would change the current review process by demanding proof from merging parties that their transaction will not harm competition and allow the Federal Trade Commission and Justice Department to block proposed mergers that do.
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