On the recordNovember 8, 2023
Mr. Chair, I rise in opposition to this amendment. Current law requires that a party wishing to complete an acquisition must delay the transaction for at least 30 days following the submission of a pre-merger notification to give the FTC and DOJ an opportunity to review the transaction and determine whether to investigate it further. The statute gives the FTC and DOJ the ability to grant an individual case exemption from this requirement to wait 30 days. Granting this early termination, however, consumes agency resources, and the delay for parties associated with suspending early termination is minimal. I strongly oppose this amendment, and I urge a ``no'' vote. Mr. Chair, I reserve the balance of my time.
