Business Groups Lobby Congress to Stop Merger Review Changes

The US Chamber of Commerce and more than two dozen other trade associations are urging members of Congress to help stop an overhaul of the Department of Justice and Federal Trade Commission’s merger and acquisition review process.

The DOJ and FTC’s proposed changes to pre-merger notification rules reject the Hart-Scott-Rodino Act standards companies have relied on for more than four decades and “subject thousands of businesses each year to costly and unnecessary new burdens,” the groups said in a Tuesday letter to Senate Judiciary Committee Chair Dick Durbin (D-Ill.), House Judiciary Committee Chairman Jim Jordan (R-Ohio), Senate Judiciary Committee ranking ...