S 3847
Prohibiting Anticompetitive Mergers Act of 2022
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Bill overview
This bill, the Prohibiting Anticompetitive Mergers Act of 2022, aims to prevent mergers that could harm competition and reduce market power. It establishes a threshold for large mergers, prohibits mergers that create excessive market concentration, and expands the authority of the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to review and potentially block mergers. The bill also allows for retrospective reviews of completed mergers to unwind those deemed anticompetitive and includes provisions to strengthen antitrust enforcement and address potential labor market impacts.
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