,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dech  ,,in ,,the ,,house ,,of  
,,representatives  ,december #d1        
#bjag,mr4 ,ellison 7for himself1 ,mr4   
,khanna1 ,mr4 ,cicilline1 ,mr4 ,pocan1  
,mr4 ,nolan1 ,ms4 ,jayapal1 and ,mr4    
,grijalva7 introduced the following     
bill2 which was referred to the         
,committee on the ,judiciary  ,a ,,bill 
,to require the ,attorney ,general and  
the ,federal ,trade ,commission to      
conduct regular merger retrospective    
reviews of the economic effects of      
mergers to which section #g;,a of the   
,clayton ,act applies4  #a4 ,short title
 ,this ,act may be cited as the ,merger 
,retrospective ,act of #bjag4  #b4      
,required reviews of the economic       
effects of mergers  7a7 ,required       
reviews ,the ,attorney ,general and the 
,federal ,trade ,commission shall each  
conduct annually no fewer than #e       
retrospective reviews of the economic   
effects of mergers to which section     
#g;,a of the ,clayton ,act 7#ae         

,u4,s4,c4 #ah;a7 applies and which have 
been resolved by each agency4 ,the      
decision of which mergers are evaluated 
will be made by the each agency in      
conjunction with the advice and         
agreement of the ,chief ,economist of   
the ,government ,accountability ,office4
 ,that individual will report on the    
process and certify that the choices of 
mergers satisfy the criteria of         
objectivity1 importance1 and            
comprehensiveness4  7b7 ,content of     
reviews ,the reviews conducted under    
subsection 7a7 shall assess the effects 
of each merger on-- 7#a7 the price and  
quality of products and services        
affected by the merger2  7#b7 the       
effectiveness of any divestitures or    
merger conditions in preserving         
competition in the affected markets2    
7#c7 any facility closures or other     
reductions in actual or planned         
capacity1 or in employment2  7#d7       
investment in research and development2 
7#e7 average salary and employment      

benefits of the top #a percent1 the     
median1 and the lowest #aj percent of   
individuals employed by each party to   
the merger before the merger and by the 
entity resulting from the merger2 and   
7#f7 contractual terms applicable before
 and after the merger to officers and   
employees of each party to the merger   
with respect to forced arbitration      
clauses1 noncompete agreements1 and     
class-action lawsuit waivers4  7c7 ,time
 period for reviews ,each merger review 
required by this ,act shall be completed
 not later than #c years after the      
merger is consummated1 or #c years after
 the effective date of this ,act1       
whichever is later4  7d7 ,publication of
 review results ,the ,attorney ,general 
and the ,federal ,trade ,commission     
shall publish on their respective       
websites in a timely manner the results 
of the reviews conducted under          
subsection 7a7 together with as much    
nonconfidential data and information    
that allow the public to evaluate the   

reviews4 ,the chief economist of the    
,general ,accountability ,office shall  
attest to the quality and objectivity of
 the study4  #c4 ,postmerger data       
,section #g;,a of the ,clayton ,act 7#ae
 ,u4,s4,c4 #ah;a7 is amended by adding  
at the end the following3  7l7 7#a7     
,each person who enters into an         
agreement with the ,federal ,trade      
,commission or the ,united ,states to   
resolve a proceeding brought under the  
antitrust laws or under the ,federal    
,trade ,commission ,act 7#ae ,u4,s4,c4  
#da et seq47 regarding an acquisition   
with respect to which notification is   
required under this section shall1 upon 
request from the ,federal ,trade        
,commission or the ,assistant ,attorney 
,general1 submit to the ,federal ,trade 
,commission or the ,assistant ,attorney 
,general1 as applicable1 information    
necessary to aid the requesting agency  
in its retrospective review of the      
economic effects of the transaction as  
required by the ,merger ,retrospective  

,act of #bjag4  7#b7 ,the ,federal      
,trade ,commission1 with the concurrence
 of the ,assistant ,attorney ,general1  
by rule issued in accordance with       
section #eec of title #e1 ,united       
,states ,code1 and consistent with the  
purposes of this section shall require  
that the information described in       
paragraph 7#a7 be in such form and      
contain such documentary material and   
information relevant to a completed     
acquisition as is necessary and         
appropriate to enable the ,federal      
,trade ,commission and the ,assistant   
,attorney ,general to assess the        
competitive impact of the acquisition   
under paragraph 7#a74  4  #d4 ,effective
 date2 application of ,act  7a7         
,effective ,date ,this ,act shall take  
effect #ahj days after the date of the  
enactment of this ,act4  7b7            
,application of ,act ,this ,act shall   
apply with respect to--  7#a7 mergers   
that occurred less than #b years before 
the date of the enactment of this ,act2 

and  7#b7 mergers that occur on or after
 the date of the enactment of this ,act4
  7c7 ,attorney ,general ,in order to   
promote transparency in merger          
enforcement1 the ,federal ,trade        
,commission and the ,attorney ,general  
shall publish no less frequently than   
every #b years a report on the numbers  
of their investigations and enforcement 
actions with respect to horizontal      
mergers in the preceding #b years4 ,this
 report should provide summary data on  
investigations and actions by level of  
and change in concentration1 number of  
remaining significant competitors1 and  
ease of entry in the relevant markets4  
7d7 ,authorization ,of ,appropriations  
7#a7 ,in general ,to carry out the      
amendments made by this ,act1 there is  
authorized to be appropriated #b1jjj1jjj
 for each of fiscal years #bjah through 
#bjbb4  7#b7 ,availability of funds     
,funds appropriated to carry out such   
amendment shall remain available for a  
period of #b fiscal years4