Us Congress House Bill HJR39

Us Congress 2025-2026 Regular Session

• Introduced: 2/11/25
• Refer: 2/11/25

Caption

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Trade Commission relating to "Premerger Notification; Reporting and Waiting Period Requirements".

Impact

If HJR39 is enacted, it effectively removes the force and effect of the FTC's premerger notification rule. This would result in a significant shift in regulatory oversight concerning merger activities, as the FTC's guidelines aim to prevent anti-competitive practices and ensure market fairness. Opponents of the resolution may argue that rescinding such regulations could lead to an increase in anti-competitive mergers that harm consumers and the economy, thus potentially allowing larger entities to dominate the market without necessary scrutiny.

Summary

HJR39, introduced in the 119th Congress, proposes congressional disapproval of a specific rule set forth by the Federal Trade Commission (FTC) pertaining to premerger notification and reporting requirements. This joint resolution aims to nullify the FTC's rule, which outlines the necessary protocol for businesses involved in mergers to notify the FTC and report specific data about the transaction. The resolution's advocacy stems from concerns related to the implications of these regulatory requirements on businesses and their operational freedom during merger negotiations.

Contention

Debate surrounding HJR39 is expected to reflect the broader ideological divide regarding federal regulatory power versus business autonomy. Proponents of the bill may frame their arguments around supporting business interests and reducing bureaucratic hurdles that impact mergers, emphasizing that the FTC's rules are excessive or overly complex. Conversely, supporters of the FTC's rule can argue that regulatory measures are crucial for maintaining competitive markets and protecting consumer interests. This tension highlights a critical discussion about the role of government regulation in the marketplace and its influence on business practices.

Congress_id

119-HJRES-39

Introduced_date

2025-02-11