US FTC Will Decide Whether To Rescind 1995 Merger Policy

The US Federal Trade Commission (FTC) nnounced on Monday, July 12, that it will vote on July 21 on whether to rescind a 1995 policy statement regarding “prior approval” and “prior notice” remedies in merger cases.

The FTC stated in 1995 that it would no longer require prior approval of certain future acquisitions in such orders as a routine matter.

After the Commission has conducted its business, Chair Lina Khan will offer brief remarks and will then invite members of the public to share feedback on the Commission’s work generally and bring relevant matters to the Commission’s attention. Members of the public must sign up for an opportunity to address the Commission virtually at the July 21 event. Each commenter will be allowed to speak for no more than one minute. Anyone who cannot participate during the event may submit written comments or a link to a prerecorded video through a web form. Speaker registration and comment submission will be available through July 18, 2021 at 8 pm ET.

The FTC’s public meeting agendas will be posted on the Commission’s website at least seven days prior to the Commission’s next monthly meeting. A link to the webcast of the open meeting will be posted at FTC.gov shortly before the event starts. The event will be recorded, and the webcast and any related comments will be available on the Commission’s website after the meeting. The Commission retains discretion to make public comments available following the event on ftc.gov. Due to challenges related to the ongoing COVID-19 public health crisis, open meetings will be held virtually until further notice.

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