FTC/DoJ clearance procedures
This article was originally published in The Tan Sheet
Executive Summary
Any future agreement on merger clearance procedures would have to satisfy Senate Commerce Committee Chairman Fritz Hollings' (D-S.C.) concerns about concurrent jurisdiction, particularly for media mergers. FTC, DoJ notified Hollings, who also chairs Senate Appropriations/Commerce Subcommittee, May 20 that they would not adhere to March 5 agreement that divvied up jurisdiction by industry (1"The Tan Sheet" April 22, 2002, p. 15). DoJ cited "prospect of budgetary consequences" if it stood by original agreement; supplemental appropriations bill, marked up in Senate May 22, was potential vehicle for budget and salary cuts for both agencies...