Antitrust Legislation 7

Celler-Kefauver Antimerger Act (1950)

The Celler-Kefauver Antimerger Act was passed to prevent firms from carrying out mergers and amalgamations with other firms if the effect would be a substantial decrease in the amount of competition in the effected industry, or if the merger would tend to create a monopoly.

Hart-Scott-Rodino Premerger Notification Act (1976)

The HSR act strengthened the existing Antimerger act. It’s major provision is one requiring all firms to present relevant data and go before the FTC for approval before the acquisition of any company worth at least $15 million. To lessen caseloads, the FTC can create guidelines under which firms can claim exemption from this act.

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