Political Quotes

“Mr. Speaker, we are deeply concerned about this for the reasons that are stated. There are a lot of people who are confused about it because what they have done here is they have taken three pieces of legislation, three titles, and merged them into one. I don't have a problem with two of the three. In response to Ms. Lofgren, I think that antitrust enforcement provision is okay because currently it is not explained what the U.S. Judicial Panel on Multidistrict Litigation can transfer are State AGs' antitrust cases that arise under Federal laws to other jurisdictions. That title would prevent that from happening. We are okay with that. I voted for that in committee. But one of the other titles here is the disclosure of subsidies by foreign adversaries. We didn't get any regular order on that. We didn't get to actually debate that, mark it up in committee. The substance of that one is okay because it would require parties to notify when they receive subsidies from countries that are threats to the U.S. when filing a merger. We all agree on that. The problem is, the thing we are so concerned about, is what Ranking Member Jordan has just talked about, the Merger Filing Fee Modernization Act. For folks who are trying to follow this back home, this would change filing fees paid by companies seeking regulatory approval for mergers. It would reduce the fees for deals valued under $1 billion, and it would raise them for the larger mergers, over $1 billion. Now, here is the problem.…”