Hart-Scott-Rodino Act

The Hart-Scott-Rodino Act is a U.S. law that requires companies to notify the government before merging or acquiring another company, if the deal meets certain financial thresholds. This act aims to prevent anti-competitive practices and protect consumers by allowing regulators to review potential mergers for their impact on market competition. Companies must file a detailed report with the Federal Trade Commission and the Department of Justice, which then has a set period to evaluate the merger before it can proceed. This process helps ensure that business combinations do not unfairly limit competition.