CORREA STATEMENT ON REPORTS OF NEW NOTIFICATION FORMS UNDER HART-SCOTT-RODINO ACT

WASHINGTON — Today, in response to reports that U.S. antitrust enforcers are close to releasing new notification forms under the Hart-Scott-Rodino Act, Representative Lou Correa (CA-46), the top Democrat on the House Judiciary Subcommittee on the Administrative State, Regulatory Reform, and Antitrust, released the following statement: 

“I welcome the reported decision by the Federal Trade Commission and the Department of Justice’s Antitrust Division to release more reasonable and balanced Hart-Scott-Rodino Act pre-merger notification form requirements that will not create undue burdens on American companies, especially small businesses,” Correa said. “I applaud the agency's willingness to recognize the potentially grave impacts on serial entrepreneurship, jobs, and innovation, including the stifling of life-saving drugs and technologies, the proposed rule would have rendered. This is a step in the right direction, and I look forward to seeing final rules that I can enthusiastically support.”

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