Page:United States Statutes at Large Volume 114 Part 4.djvu/810

 114 STAT. 2762A-110 PUBLIC LAW 106-553 —APPENDIX B manner as provided in section 8(a)(5) of the Clayton Act (15 U.S.C. 19(a)(5)) to reflect the percentage change in the gross national product for such fiscal year compared to the gross national product for the year ending September 30, 2003); "(2) $125,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $100,000,000 (as so adjusted and published) but less than $500,000,000 (as so adjusted and published); and "(3) $280,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $500,000,000 (as so adjusted and published).", (4) by striking "States." and inserting "States", and (5) by adding a period at the end. (c) Section 7A(e)(l) of the Clayton Act (15 U.S.C. 18a(e)(l)) is amended)— (1) by inserting "(A)" after "(1)", and (2) by inserting at the end the following: "(B)(i) The Assistant Attorney General and the Federal Trade Commission shall each designate a senior official who does not have direct responsibility for the review of any enforcement recommendation under this section concerning the transaction at issue, to hear any petition filed by such person to determine— "(I) whether the request for additional information or documentary material is unreasonably cumulative, unduly burdensome, or duplicative; or "(II) whether the request for additional information or documentary material has been substantially complied with by the petitioning person. "(ii) Internal review procedures for petitions filed pursuant to clause (i) shall include reasonable deadlines for expedited review of such petitions, after reasonable negotiations with investigative staff", in order to avoid undue delay of the merger review process. "(iii) Not later than 90 days after the date of the enactment of this Act, the Assistant Attorney General and the Federal Trade Commission shall conduct an internal review and implement reforms of the merger review process in order to eliminate unnecessary burden, remove costly duplication, and eliminate undue delay, in order to achieve a more effective and more efficient merger review process. "(iv) Not later than 120 days after the date of enactment of this Act, the Assistant Attorney General and the Federal Trade Commission shall issue or amend their respective industry guidance, regulations, operating manuals and relevant policy documents, to the extent appropriate, to implement each reform in this subparagraph. "(v) Not later than 180 days after the date the of enactment of this Act, the Assistant Attorney General and the Federal Trade Commission shall each report to Congress— "(I) which reforms each agency has adopted under this subparagraph; "(II) which steps each has taken to implement such internal reforms; and "(III) the effects of such reforms.". (d) Section 7A of the Clayton Act (15 U.S.C. 18a) is amended— (1) in subsection (e)(2), by striking "20 days" and inserting "30 days", and

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