,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajida  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,octob] #bi1 #bjbf,mr4
 ,rask9 7= himself1 ,mr4 ,nadl]1 ,mr4   
,johnson ( ,georgia1 ,ms4 ,bal9t1 ,ms4  
,ross1 ,mr4 ,g>ca ( ,ill9ois1 ,ms4      
,kamlag]-,dove1 ,ms4 ,jayapal1 ,mr4     
,goldman ( ,new ,york1 & ,ms4 ,lee (    
,p5nsylvania7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on !       
,judici>y  ,a ,,bill  ,to am5d section  
#e ( ! ,clayton ,act to include propos$ 
volunt>y dismissals 9 ! c\rt's          
consid]ation ( propos$ cons5t judgm5ts &
 cl>ify ! public int]e/1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,antitru/ ,acc\ntability & 
,transp>5cy ,act4  #b4 ,clayton ,act    
judgm5t am5dm5ts ,section #e ( !        
,clayton ,act 7#ae ,u4,s4,c4 #af7 is    
am5d$--  7#a7 9 subsection 7a71 by /rik+
 or "u section #e ( ! ,f$]al ,trade     
,commission ,act :i* c\ld give rise to a
 claim = relief "u ! antitru/ laws2     
7#b7 9 subsection 7b7--  7,a7 9 ! matt] 

prec$+ p>agraph 7#a7-- 7i7 by ins]t+ or 
adm9i/rative aft] any civil2  7ii7 by   
ins]t+ 1 or 9 ! case ( an adm9i/rative  
proce$+1 fil$ 9 accordance ) subsection 
7k7 ) a di/rict c\rt 9 :i* #a or m      
def5dants is incorporat$ or headqu>t]$1 
aft] ! di/rict c\rt be=e :i* su* proce$+
 9 p5d+2  7iii7 by /rik+ publi%$ by !   
,unit$ ,/ates & ins]t+ publi%$ ea* place
 x appe>s2  7iv7 by /rik+ #fj days &    
ins]t+ #de days2  7v7 by ins]t+ ,a      
di/rict c\rt to :i* a compla9t &        
proposal = a cons5t judgm5t is submitt$ 
by ! ,unit$ ,/ates or ,f$]al ,trade     
,commission "u ?is p>agraph %all h      
jurisdiction "u ?is section4 aft] prior 
to ! effective date ( su* judgm5t42 &   
7vi7 by /rik+ sixty-day p]iod & ins]t+  
#de-;day p]iod2  7,b7 9 p>agraph 7#c71  
by ins]t+ any commitm5ts made by !      
p>ties to ! ,unit$ ,/ates or ,f$]al     
,trade ,commission n memorializ$ 9 !    
proposal relat$ to ! proce$+1 h[ !      
proposal rem$ies any mat]ial risk t !   
antitru/ laws may be violat$1 aft]      

!reby12 &  7,c7 9 p>agraph 7#f71 by     
ins]t+ or ,f$]al ,trade ,commission1    
includ+ any settlem5t (f]s1 dive/itures1
 or o!r rem$ies1 includ+ ! process ?r\gh
 :i* ^! proposals 7 consid]$ be=e !     
p]iod2  7#c7 9 subsection 7c7 by /rik+  
#fj days & ins]t+ #de days2  7#d7 9     
subsection 7d7-- 7,a7 by /rik+ dur+ !   
#fj-;day p]iod & ins]t+ ! foll[+3 7#a7  
,dur+ ! #de-;day p]iod2  7,b7 by /rik+ 8
 designee & ins]t+ a designee !re(2     
7,c7 by /rik+ su* #fj-;day "t p]iod &   
ins]t+ su* #de-;day "t p]iod2  7,d7 by  
/rik+ ,at ! close ( & ins]t+ ,n lat] ?an
 #cj days aft] ! close (2  7,e7 by      
ins]t+ ,p>ties t submitt$ comm5ts %all  
be all[$ to submit a reply to !         
responses publi%$ by ! ,unit$ ,/ates or 
,f$]al ,trade ,commission4 be=e ! la/   
s5t5ce2  7,f7 by add+ at ! end          
,compliance ) ?is section by ! ,f$]al   
,trade ,commission %all satisfy any o!r 
notice-&-comm5t requirem5ts relat+ to   
cons5t judgm5ts42 &  7,g7 by add+ at !  
end ! foll[+3  7#b7  7,a7 ,9 a proce$+  

br\ght "u section #g1 ! p>ties %all     
cont9ue to hold all assets relat$ to !  
transaction sep>ate z if !y are subject 
to a wait+ p]iod "u section #g;,a until 
! date t is #ae days aft] ! ,unit$      
,/ates or ,f$]al ,trade ,commission     
files ) ! di/rict c\rt & causes to be   
publi%$ 9 ! ,f$]al ,regi/] a response to
 comm5ts "u ?is subsection4 ,! c\rt may 
ext5d ! p]iod dur+ :i* ! p>ties are     
requir$ to hold all assets relat$ to !  
transaction sep>ate ^u a f9d+ t-- 7i7   
!re is a reasonable likelihood t ! c\rt 
w det]m9e t ! cons5t judgm5t does n meet
 ! requirem5ts 9 subsection 7e77#a72 &  
7ii7 ! balance ( ! equities favors      
ext5d+ ! ord]4  7,b7 ,9 ! ev5t t ! c\rt 
ext5ds ! p]iod dur+ :i* ! p>ties are    
requir$ to hold all assets sep>ate1 !   
c\rt %all make all reasonable ef=ts to  
exp$ite its det]m9ation "u subsection   
7e77#a74  7#c7 ,a violation ( p>agraph  
7#b7 %all be treat$ z a violation (     
section #g;,a & p>ties may be liable =  
civil p5alties pursuant to subsection   

7g7 ( t section4  7#d7 ,any ord] to hold
 assets sep>ate %all expire ^u a f9d+ by
 ! c\rt t ! cons5t judgm5t satisfies !  
requirem5ts "u subsection 7e77#a74  4   
7#e7 9 subsection 7e7-- 7,a7 9 p>agraph 
7#a7--  7i7 9 ! matt] prec$+ subp>agraph
 7,a71 by ins]t+ !re is a reasonable    
belief1 bas$ on evid5ce & reason$       
analysis1 t aft] ! c\rt %all det]m9e t2 
7ii7 9 subp>agraph 7,a71 by ins]t+ 1    
does n p]mit any transaction1 m]g]1     
agreem5t1 bus9ess practice1 or o!r c\rse
 ( conduct t creates a mat]ial risk (   
violat+ ! antitru/ laws1 & t !          
provisions ( ! cons5t judgm5t are       
reasonably tailor$ to ! violations ( !  
antitru/ laws alleg$ 9 ! compla9t aft]  
:e!r ! cons5t judgm5t is 9 ! public     
int]e/2 &  7iii7 by ins]t+ aft]         
subp>agraph 7,b7 ! foll[+3 ,^u          
consid]ation ( ! factors describ$ 9 ?is 
p>agraph1 ! c\rt %all ent] ! propos$    
cons5t judgm5t or reject ! propos$      
cons5t judgm5t &1 if ! case 0 orig9ally 
fil$ ) ! c\rt1 reta9 jurisdiction ov] ! 

proce$+s1 or1 if ! case 0 orig9ally an  
adm9i/rative proce$+1 rem& ! matt]4 4   
7,b7 9 p>agraph 7#b71 by /rik+ or to    
require ! c\rt to p]mit anyone to       
int]v5e & ins]t+ 1 b ! c\rt %all take   
into acc\nt any writt5 reque/ = a he>+  
by any ,f$]al or ,/ate ag5cy1 includ+   
any ,/ate attorney g5]al1 :5 det]m9+    
:e!r to conduct an evid5ti>y he>+2 &    
7,c7 by add+ at ! end ! foll[+3  7#c7   
,if ! c\rt det]m9es t an evid5ti>y he>+ 
is appropriate1 any ,f$]al or ,/ate     
ag5cy1 includ+ any ,/ate attorney g5]al 
t made a writt5 reque/ "u p>agraph 7#b71
 %all be all[$ to int]v5e4 ,no?+ %all   
require ! c\rt to p]mit any o!r p>ty to 
int]v5e4  7#d7 ,a cons5t judgm5t fil$ "u
 ?is section %all take effect only ^u   
entry by ! c\rt4 ,! decision to ent] a  
cons5t judgm5t "u ?is section is )9 !   
discretion ( ! c\rt1 :i* ne$ n def] to !
 ,unit$ ,/ates's pr$ictions ab\t !      
efficacy ( its rem$ies4'  2  7#f7 9     
subsection 7f7--  7,a7 by ins]t+ curr5t 
or =m] be=e ,gov]nm5t (ficials2  7,b7 9 

p>agraph 7#d71 by /rik+ & at ! end2     
7,c7 by r$esignat+ p>agraph 7#e7 z      
p>agraph 7#g72 &  7,d7 by ins]t+ aft]   
p>agraph 7#d7 ! foll[+3  7#e7 ord] !    
production ( ! communications t 7       
disclos$ or %\ld h be5 disclos$ pursuant
 to subsection 7g71 includ+ all relat$  
docum5ts & te/imony relat+ to !         
communications2  7#f7 ord] ! production 
( in=mation or te/imony reg>d+ !        
provision (1 or (f] to provide1 a b5efit
 or concession by any p>ty 9 ! proce$+  
to ! ,gov]nm5t or an employee or (fic]  
!re(1 includ+ paym5ts1 donations1 or    
alt]ations 9 policy or bus9ess practices
 t ! c\rt f9ds may h a reasonable       
connection to ! proce$+ or decision to  
ent] ! propos$ judgm5t2 &  2  7#g7 9    
subsection 7g7-- 7,a7 by ins]t+ 1       
includ+ ! ,executive ,(fice ( !         
,presid5t1 aft] any (fic] or employee ( 
! ,unit$ ,/ates2 &  7,b7 by /rik+ except
 t any & ins]t+ 1 & %all include ! date 
( ea* writt5 or oral communication & ea*
 au?or (1 recipi5t (1 & p>ticipant to   

ea* writt5 or oral communication4 ,any2 
7#h7 9 subsection 7h71 by ins]t+ 1 or by
 ! ,f$]al ,trade ,commission "u section 
#e ( ! ,f$]al ,trade ,commission ,act   
7#ae ,u4,s4,c4 #de71 aft] "u section    
#d;,a ( ?is ,act2 &  7#i7 by add+ at !  
end ! foll[+3  7j7 ,volunt>y dismissals 
7#a7 ,9 g5]al ,any proposal to file a   
motion to volunt>ily dismiss any civil  
proce$+ br\ght by ! ,unit$ ,/ates or    
,f$]al ,trade ,commission "u ! antitru/ 
laws %all be fil$ ) ! di/rict c\rt be=e 
:i* su* proce$+ is p5d+1 & publi%$ 9 !  
,f$]al ,regi/] n less ?an #de days prior
 to ! effective date ( su* volunt>y     
dismissal4 ,! case %all be /ay$ dur+ ?is
 #de-;day p]iod4  7#b7 ,sub/itution     
,dur+ ! #de-;day p]iod "u p>agraph 7#a71
 any ,/ate attorney g5]al may file a    
motion = sub/itution 9 ! proce$+4 ,a    
c\rt %all grant ! motion = sub/itution  
unless pres5t$ ) cle> & conv9c+ evid5ce 
by ! p>ties t !re are no g5u9e issues ( 
mat]ial fact t c\ld support any claim 9 
! proce$+ or t ! def5dant w\ld be       

entitl$ to judgm5t z a matt] ( law4 ,if 
! motion = sub/itution is grant$1 !     
action does n abate1 b proce$s 9 favor (
 or aga9/ ! rema9+ p>ties4  7#c7        
,transf] ,^u a grant ( a motion =       
sub/itution "u p>agraph 7#b71 ! ,unit$  
,/ates or ! ,f$]al ,trade ,commission   
%all promptly transf] all mat]ials      
relevant to ! litigation t are n subject
 to ! delib]ative process privilege to !
 applicable ,/ate attorneys g5]al & !   
case %all cont9ue on a s*$ule t w n     
cause undue delay1 z det]m9$ appropriate
 by ! c\rt4  7k7 ,,ftc civil proce$+    
7#a7 ,/ay & disposition ,at ! "t t !    
,f$]al ,trade ,commission submits a     
proposal = a cons5t judgm5t to resolve  
an adm9i/rative proce$+1 ! adm9i/rative 
proce$+ %all be /ay$ until su* "t z !   
c\rt to :i* a compla9t is fil$ 9        
accordance ) subsection 7b7 det]m9es    
:e!r to-- 7,a7 ent] ! propos$ cons5t    
judgm5t2 or  7,b7 reject ! propos$      
cons5t judgem5t & rem& ! matt]4  7#b7   
,comm5cem5t ,! ,f$]al ,trade ,commission

 %all comm5ce a civil proce$+ by fil+ ) 
! di/rict c\rt a compla9t sett+ =? !    
violations ( ! antitru/ laws alleg$ 9 ! 
adm9i/rative proce$+ & ! proposal = a   
cons5t judgm5t4  7l7 ,transf] ( mat]ials
 ,9 ! case t a matt] rem&$ "u subsection
 7k77#a77;,b7 is dismiss$ & a ,/ate     
comm5ces a civil proce$+ "u ! antitru/  
laws ) respect to t matt]1 ! ,f$]al     
,trade ,commission %all transf] mat]ials
 to ! ,/ate 9 accordance ) subsection   
7j77#c74  7m7 ,ref]5ces ,9 ?is section1 
all ref]5ces to--  7#a7 ! ,unit$ ,/ates 
or ! ,attorney ,g5]al %all be deem$ to  
include ! ,f$]al ,trade ,commission1 z  
applicable2 &  7#b7 ! antitru/ laws %all
 be deem$ to include an unfair me?od (  
competition "u section #e ( ! ,f$]al    
,trade ,commission ,act 7#ae ,u4,s4,c4  
#de74  4