,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #efdb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bf1 #bjah,mr4 
,nadl] 7= himself1 ,mr4 ,cicill9e1 ,mr4 
,ellison1 & ,mr4 ,cr[ley7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ! ,judici>y  ,a ,,bill    
,to am5d ! ,clayton ,act ) respect to   
m]g]s4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,re/or+ & ,improv+ ,m]g]      
,en=cem5t ,act ( #bjah4  #b4            
,m]g]-specific effici5cies ,section #g (
 ! ,clayton ,act 7#ae ,u4,s4,c4 #ah7 is 
am5d$ by add+ at ! end ! foll[+3  ,9    
det]m9+ :e!r ! effect ( su* acquisition 
may be sub/antially to less5            
competition1 or to t5d to create a      
monopoly1 a c\rt may consid] a claim$   
effici5cy ( su* acquisition only if x   
c\ld n be accompli%$ 9 ! abs5ce ( su*   
acquisition1 x is v]ifiable1 & x w\ld   
promote competition4  ,a p]son aga9/ :om
 an action is br\ght = a violation ( ?is
 section %all h ! burd5 to e/abli%1 by !
 prepond]ance ( ! evid5ce1 t ! claim$   

effici5cy w elim9ate ! sub/antial less5+
 ( competition t may occur z a result ( 
su* acquisition4  4  #c4 ,report on     
claim$ effici5cies ,section #g;,a ( !   
,clayton ,act 7#ae ,u4,s4,c4 #ah;a7 is  
am5d$ by add+ at ! end ! foll[+3  7l7   
,in=mation requir$ ,ea* p]son :o ent]s  
into an agreem5t ) ! ,f$]al ,trade      
,commission or ! ,unit$ ,/ates to       
resolve a proce$+ br\ght "u ! antitru/  
laws or "u ! ,f$]al ,trade ,commission  
,act 7#ae ,u4,s4,c4 #da et seq47 reg>d+ 
an acquisition ) respect to :i*         
notification is requir$ "u ?is section  
%all1 on an annual basis dur+ ! #e-ye>  
p]iod beg9n+ on ! date on :i* ! agreem5t
 is ent]$ into1 submit to ! ,f$]al      
,trade ,commission or ! ,assi/ant       
,attorney ,g5]al1 z applicable1         
in=mation suffici5t = ! ,f$]al ,trade   
,commission or ! ,unit$ ,/ates1 z       
applicable1 to assess ! s\rce1 & !      
result+ magnitude & ext5t1 ( any        
co/-sav+ effici5cies or any consum]     
b5efits t 7 claim$ z a b5efit ( !       

acquisition & ! ext5t to :i* any co/    
sav+s 7 pass$ on to consum]s4  4