*FOR IMMEDIATE RELEASE*
Wednesday, October 7, 2015
*Lee Holds Hearing On SMARTER Act*
WASHINGTON—Senator Mike Lee (R-UT) chaired a Senate Judiciary Subcommittee
on Antitrust, Competition Policy, and Consumer Rights hearing today,
examining the impact on the Standard Merger and Acquisition Reviews Through
Equal Rules Act, or the SMARTER Act.
“The SMARTER Act contains important reforms designed to address existing
disparities in the standards applied to, and processes used by, the two
antitrust enforcement agencies – the Department of Justice and the Federal
Trade Commission – when they seek to prevent the consummation of a proposed
transaction,” Lee sad.
“These disparities were examined by the bi-partisan Antitrust Modernization
Commission, which was formed pursuant to the Antitrust Modernization Act
and charged with conducting a comprehensive examination of the antitrust
laws and existing enforcement practices,” Lee finished.
The subcommittee heard testimony from Federal Trade Commission Chairwoman
Edith Ramirez, Covington & Burling antitrust and competition law practice
group co-chair Deborah Garza, Baker & McKenzie senior counsel David
Clanton, Latham & Watkins partner Tad Lipsky, and Wilson Sonsini Goodrich &
Rosati partner Jonathan Jacobson.