,,ii  #aah? ,,congress  #b;d ,session   
,s4 #ddab  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bc1 #bjbd,ms4    
,baldw9 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on !
 ,judici>y  ,a ,,bill  ,to require      
pre-m]g] notification to id5tify        
entities subject to a collective b>ga9+ 
agreem5t & affect$ labor organizations1 
to require po/-m]g] monitor+ =          
anticompetitive effects & antitru/      
violations1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,/opp+ 
,?reats to ,our ,prices f ,bad ,m]g]s   
,act or ! ,,/op ,bad ,m]g]s ,act4  #b4  
,monitor+ ( consummat$ m]g]s  7a7       
,def9itions ,9 ?is section3 7#a7        
,antitru/ laws ,! t]m antitru/ laws     
means ! ,%]man ,act 7#ae ,u4,s4,c4 #a et
 seq471 ! ,clayton ,act 7#ae ,u4,s4,c4  
#ab et seq471 includ+ ! am5dm5ts made by
 ?is ,act1 & ! ,f$]al ,trade ,commission
 ,act 7#ae ,u4,s4,c4 #da et seq474  7#b7
 ,cov]$ m]g] ,! t]m cov]$ m]g] means a  
m]g]-- 7,a7 t is subject to prem]g]     

notification & wait+ p]iod requirem5ts  
"u section #g;,a ( ! ,clayton ,act 7#ae 
,u4,s4,c4 #ah;a72 &  7,b7 ) respect to  
:i* ! ,f$]al ,trade ,commission or !    
,assi/ant ,attorney ,g5]al 9 *>ge ( !   
,antitru/ ,division ( ! ,dep>tm5t (     
,ju/ice has initiat$ an inve/igation4   
7#c7 ,p]son ,! t]m p]son has ! mean+    
giv5 t t]m 9 section #h ( ! ,%]man ,act 
7#ae ,u4,s4,c4 #g74  7b7 ,monitor+ ,!   
,f$]al ,trade ,commission & ! ,assi/ant 
,attorney ,g5]al 9 *>ge ( ! ,antitru/   
,division ( ! ,dep>tm5t ( ,ju/ice %all  
regul>ly monitor & evaluate ea* cov]$   
m]g] foll[+ ! consummation ( ! cov]$    
m]g] to det]m9e :e!r-- 7#a7 ! cov]$ m]g]
 has sub/antially less5$ competition or 
has t5d$ to create a monopoly or has    
r$uc$ work] b>ga9+ p[]2 or  7#b7 !      
acquir+ p]son or m]g$ p]son has o!rwise 
violat$ antitru/ laws4  7c7 ,evid5ce    
,evid5ce ( a violation describ$ 9       
subsection 7b7 may include ! use by !   
acquir+ p]son or m]g$ p]son ( m>ket p[] 
t 0 a*iev$ or acquir$ z a result ( !    

cov]$ m]g] or an increas$ ability ( !   
acquir+ p]son or m]g$ p]son to coord9ate
 among rivals-- 7#a7 to *>ge high]      
prices = ! goods or s]vices ( ! acquir+ 
p]son or m]g$ p]son2  7#b7 to r$uce !   
quality ( ! products ( ! acquir+ p]son  
or m]g$ p]son2 &  7#c7 to degrade work+ 
conditions1 includ+ by-- 7,a7 r$uc+     
wages2  7,b7 clos+ facilities2  7,c7    
elim9at+ jobs ( individuals :o are cov]$
 by a collective b>ga9+ agreem5t2  7,d7 
mov+ dome/ic jobs to a =eign c\ntry )   
l[] /&>ds = work+ conditions2 or  7,e7  
engag+ 9 any action t w\ld be an unfair 
labor practice "u section #h7;a7 ( !    
,national ,labor ,relations ,act 7#bi   
,u4,s4,c4 #aeh7;a774  7d7 ,fur!r        
evaluation ,if ! ,f$]al ,trade          
,commission & ! ,assi/ant ,attorney     
,g5]al 9 *>ge ( ! ,antitru/ ,division ( 
! ,dep>tm5t ( ,ju/ice h reason to       
believe t a cov]$ m]g] has sub/antially 
less5$ competition1 has t5d$ to create a
 monopoly1 or t a p]son has engag$ 9 a  
violation ( antitru/ laws "u subsection 

7b71 ! ,f$]al ,trade ,commission or !   
,assi/ant ,attorney ,g5]al %all require 
! relevant p]son to submit additional   
docum5ts & in=mation1 z det]m9$ by !    
,f$]al ,trade ,commission & ! ,assi/ant 
,attorney ,g5]al1 to evaluate :e!r !    
p]son violat$ ! antitru/ laws4  #c4     
,am5dm5ts to ! pre-m]g] notification &  
wait+ p]iod ,section #g;,a ( ! ,clayton 
,act 7#ae ,u4,s4,c4 #ah;a7 is am5d$--   
7#a7 9 subsection 7d7-- 7,a7 9 p>agraph 
7#a71 by /rik+ 2 & & ins]t+ 1 includ+ ! 
,%]man ,act 7#ae ,u4,s4,c4 #a et seq471 
! ,clayton ,act 7#ae ,u4,s4,c4 #ab et   
seq471 & ! ,f$]al ,trade ,commission    
,act 7#ae ,u4,s4,c4 #da et seq471 &     
include1 at a m9imum32 &  7,b7 by ins]t+
 aft] p>agraph 7#a7 ! foll[+3  7,a7 ,!  
numb] & p]c5tage ( employees ( ! acquir+
 p]son & acquir$ p]son t are subject to 
a collective b>ga9+ agreem5t &1 z       
applicable1 ! contact in=mation = any   
affect$ labor organization1 z def9$ 9   
section #b ( ! ,national ,labor         
,relations ,act 7#bi ,u4,s4,c4 #aeb74   

7,b7 ,all agreem5ts to rema9 neutral    
dur+ an organiz+ campaign by ! employees
 ( ! acquir+ p]son or acquir$ p]son =   
repres5tation by a labor organization4  
7,c7 ,all /udies1 surveys1 analyses1 &  
reports t 7 prep>$ by or = any (fic] or 
director ( ! p]son 7or any individual   
ex]cis+ simil> functions7 = ! purpose ( 
evaluat+ or analyz+ ! transaction )     
respect to ! effects on labor m>kets or 
! employees ( ! acquir+ p]son or acquir$
 p]son4  7,d7 ,in=mation suffici5t to   
all[ ! evaluation ( pot5tial labor m>ket
 effects aris+ f ! transaction1         
includ+-- 7i7 ! #e l>ge/ categories (   
employees1 9 :i* bo? ! acquir+ p]son & !
 acquir$ p]son employ work]s1 z id5tifi$
 by ! relevant #f-;digit code "u !      
,bureau ( ,labor ,/ati/ics ,/&>d        
,occupational ,classification ,sy/em2   
7ii7 ! total numb] ( employees = ea*    
code id5tifi$ 9 clause 7i72  7iii7 !    
commut+ zones1 z det]m9$ by ! ,economic 
,rese>* ,s]vice ( ! ,dep>tm5t (         
,agriculture1 f :i* ! employees id5tifi$

 "u clause 7ii7 commute2 &  7iv7 any    
p5alties or f9d+s t 7 issu$ aga9/ ei!r !
 acquir+ p]son or ! acquir$ p]son by !  
,adm9i/rator ( ! ,wage & ,h\r ,division 
( ! ,dep>tm5t ( ,labor1 ! ,national     
,labor ,relations ,bo>d1 or ! ,assi/ant 
,secret>y ( ,labor = ,occupational      
,safety & ,heal? dur+ ! #e-ye> p]iod    
prec$+ ! notification2 &  2 &  7#b7 9   
subsection 7e7-- 7,a7 9 p>agraph 7#a7-- 
7i7 by r$esignat+ subp>agraph 7,b7 z    
subp>agraph 7,c72 &  7ii7 by ins]t+ aft]
 subp>agraph 7,a7 ! foll[+3  7,b7 ,!    
,f$]al ,trade ,commission or ! ,assi/ant
 ,attorney ,g5]al %all1 prior to !      
expiration ( ! #cj-;day wait+ p]iod 7or 
9 ! case ( a ca% t5d] (f]1 ! #ae-;day   
wait+ p]iod7 specifi$ 9 subsection      
7b77#a7 ( ?is section1 require !        
submission ( additional in=mation or    
docum5t>y mat]ial relevant to ! propos$ 
acquisition1 f a p]son requir$ to file  
notification ) respect to su*           
acquisition "u subsection 7a7 ( ?is     
section prior to ! expiration ( ! wait+ 

p]iod specifi$ 9 subsection 7b77#a7 (   
?is section1 or f any (fic]1 director1  
p>tn]1 ag5t1 or employee ( su* p]son if 
! ,f$]al ,trade ,commission or ,assi/ant
 ,attorney ,g5]al has reason to believe 
t ! transaction may result 9 h>m to     
competition 9 labor m>kets1 includ+--   
7i7 any r$uction 9 employm5t result+ f !
 m]g+ ( ov]lapp+ employm5t              
classifications2  7ii7 any r$uction 9   
work] b>ga9+ p[]1 includ+ pot5tial      
elim9ation ( jobs subject to a          
collective b>ga9+ agreem5t2 &  7iii7 any
 (f%or+ ( jobs curr5tly locat$ 9 !      
,unit$ ,/ates4  2 &  7,b7 by add+ at !  
end ! foll[+3  7#c7 ,! ,f$]al ,trade    
,commission or ! ,assi/ant ,attorney    
,g5]al %all ext5d ! #cj-;day wait+ p]iod
 7or 9 ! case ( a ca% t5d] (f]1 !       
#ae-;day wait+ p]iod7 specifi$ 9        
subsection 7b77#a7 ( ?is section = an   
additional p]iod ( #fj days if an       
affect$ labor organization submits      
docum5ts or in=mation "u subsection 7l7 
t c\ld reasonably raise que/ions z to   

:e!r ! transaction may-- 7,a7 mat]ially 
h>m ! int]e/s ( ! employees repres5t$ by
 ! labor organization2 or  7,b7 violate 
! antitru/ laws1 includ+ ! ,%]man ,act  
7#ae ,u4,s4,c4 #a et seq471 ! ,clayton  
,act 7#ae ,u4,s4,c4 #ab et seq471 & !   
,f$]al ,trade ,commission ,act 7#ae     
,u4,s4,c4 #da et seq474  4  #d4 ,notice 
& rights ( affect$ labor organizations  
,section #g;,a ( ! ,clayton ,act 7#ae   
,u4,s4,c4 #ah;a7 is am5d$1 by add+ at ! 
end ! foll[+3  7l7 ,transactions involv+
 an entity subject to a collective      
b>ga9+ agreem5t  7#a7 ,9 g5]al ,if a    
p]son requir$ to file a prem]g]         
notification "u subsection 7a7 is       
subject to a collective b>ga9+ agreem5t1
 ! affect$ labor organization1 z def9$ 9
 section #b ( ! ,national ,labor        
,relations ,act 7#bi ,u4,s4,c4 #aeb71   
%all h ! "r to submit to ! ,f$]al ,trade
 ,commission & ! ,assi/ant ,attorney    
,g5]al any docum5ts & in=mation relevant
 to an evaluation ( ! propos$           
transaction4  7#b7 ,notice requir$ ,^u !

 receipt ( a prem]g] notification "u    
subsection 7a7 ) in=mation provid$      
pursuant to subsection 7d77#a71 ! ,f$]al
 ,trade ,commission & ! ,assi/ant       
,attorney ,g5]al %all notify-- 7,a7 !   
affect$ labor organization nam$ "u      
subsection 7d7( ! "r "u p>agraph 7#a7 ( 
?is subsection2 &  7,b7 ! ,/ate attorney
 g5]al ( any ,/ate t ! ,f$]al ,trade    
,commission or ! ,assi/ant ,attorney    
,g5]al has reason to believe w\ld be    
affect$ by ! transaction4  7#c7         
,submission ( docum5ts & in=mation ,if a
 labor organization elects to submit    
docum5ts & in=mation "u p>agraph 7#a7 to
 ! ,f$]al ,trade ,commission & !        
,assi/ant ,attorney ,g5]al1 ! labor     
organization mu/ submit ! docum5ts &    
in=mation n lat] ?an #bj days aft] !    
date ( receipt ( a notice "u p>agraph   
7#b74  7#d7 ,receipt ( docum5ts &       
in=mation  7,a7 ,reque/ = additional    
in=mation ,aft] receiv+1 ) respect to a 
transaction1 a submission ( docum5ts &  
in=mation f an affect$ labor            

organization "u p>agraph 7#a71 ! ,f$]al 
,trade ,commission & ! ,assi/ant        
,attorney ,g5]al may reque/ f any p]son 
requir$ to file a notification ) respect
 to ! transaction "u subsection 7a7     
additional in=mation1 pursuant to       
subsection 7e74  7,b7 ,writt5 response  
7i7 ,9 g5]al ,! ,f$]al ,trade           
,commission & ! ,assi/ant ,attorney     
,g5]al %all provide to an affect$ labor 
organization a writt5 response t        
mean+fully addresses ! po9ts rais$ by ! 
affect$ labor organization 9 its        
submission "u p>agraph 7#a74  7ii7      
,waiv] ( writt5 response ,an affect$    
labor organization describ$ 9 clause 7i7
 may agree to a diff]5t resolution 9    
lieu ( a writt5 response4  4  #e4       
,/udies requir$  7a7 ,/udy on ! effect (
 m]g]s on ! manufactur+ indu/ry ,!      
,comptroll] ,g5]al ( ! ,unit$ ,/ates1 9 
consultation ) ! ,f$]al ,trade          
,commission ,bureau ( ,economics ,m]g]  
,retrospective program1 %all conduct a  
retrospective analysis ( ! effect (     

consolidation on ! manufactur+ indu/ry 9
 ! ,unit$ ,/ates betwe5 #aige & #bjbe1  
includ+-- 7#a7 ! am\nt ( consolidation 9
 ! manufactur+ indu/ry ( ! ,unit$       
,/ates2  7#b7 ! effect ( consolidation  
on ! unioniz$ work=ce ( ! manufactur+   
indu/ry2  7#c7 ! effect ( consolidation 
on prices = goods manufactur$ 9 ! ,unit$
 ,/ates2  7#d7 ! effect ( consolidation 
on product v>iety1 quality1 innovation1 
consum] welf>e1 & firm effici5cy = goods
 manufactur$ 9 ! ,unit$ ,/ates2  7#e7 ! 
ext5t to :i* consolidation has l$ to    
(f%or+ ( manufactur+ jobs previ\sly     
locat$ 9 ! ,unit$ ,/ates2 &  7#f7 !     
effect ( consolidation on ! manufactur+ 
labor =ce1 includ+ on wages & ! ability 
( ! labor =ce to b>ga9 = wages &        
b5efits4  7b7 ,/udy on work] b>ga9+ p[] 
9 labor m>kets ,n lat] ?an #b ye>s aft] 
! date ( enactm5t ( ?is ,act1 !         
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all conduct & publi% a /udy incorporat+
 public comm5t on ! economic & social   
effect ( ris+ conc5tration 9 labor      

m>kets1 includ+ ! impact ( r$uc$ work]  
b>ga9+ p[] on ! wages & b5efits1        
mobility1 & income equality ( work]s1   
includ+ employees & indep5d5t           
contractors4  7c7 ,au?orization (       
appropriations ,!re is au?oriz$ to be   
appropriat$ #e1jjj1jjj to c>ry out !    
/udies "u subsections 7a7 & 7b74