Tuesday, February 27, 2007

Antitrust Modernization Commission Given More Time to Close Out Operations

This posting was written by Jeffrey May, editor of CCH Trade Regulation Reporter.

President George W. Bush signed the “Antitrust Modernization Commission Extension Act of 2007” on February 26. The law will provide the Antitrust Modernization Commission (AMC) with extra time to close out its operations following its report to Congress and the President. The legislation (H.R. 742) was presented to the President on February 16.

The AMC is expected to submit its report containing its findings and recommendations on the future of the federal antitrust laws on April 2, 2007. Pursuant to the new law, the AMC will have 60 days after submission of the report to cease operations.

Under the Antitrust Modernization Commission Act of 2002 (Trade Regulation Reports ¶27,640), the AMC had been required to disband within 30 days of the deadline for submitting its report.

The AMC was created in 2002 to examine the need to modernize the federal antitrust laws, solicit public comment concerning the operation of the antitrust laws, evaluate current practices and proposals for change, and submit recommendations to Congress and the President. Further information regarding hte AMC appears at the Commission web site.

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