On the recordMarch 22, 2016
I thank the gentleman for yielding me the customary 30 minutes. That was complicated. My colleague from Georgia, Mr. Speaker, explained a lot of stuff. There were definitely a lot of big words in there, and words that we do not use too often in Colorado. It seems to me that this bill is designed to make it easier for very big companies to merge and reduce the oversight in making sure that those big mergers do not hurt consumers. Most mergers do not even go through this. I think it was in our Rules Committee yesterday where Mr. Marino testified it was maybe 3 percent of mergers. So only if both companies are very, very, very big companies, multinational conglomerates, then it goes up for review. This bill says that maybe there should be a little less review. I think even the proponents say there still should be review. There are several government agencies involved. But it seems to me, Mr. Speaker, that what this bill is really doing--the Standard Merger and Acquisition Reviews Through Equal Rules Act of 2015--it almost takes a few breaths to even say it. It is one of the longer bill titles that I have heard, very technical--it is really the stalling on the floor of the House bill until the Republicans can figure out a budget. That is exactly what we are doing here, Mr. Speaker. I would hope that, as we stall, we could offer more substantive bills that we could do in the meantime.…





