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New Rules for Disclosing Foreign Subsidies in Company Mergers

This act requires companies receiving financial support from foreign governments to disclose details of these subsidies when planning mergers. This aims to ensure that such transactions do not harm market competition, which could affect prices and product availability for citizens.
Key points
Companies receiving foreign government support must now disclose this information before merging with another company.
Antitrust authorities gain new tools to assess whether mergers involving foreign subsidies are fair to the market.
The act aims to protect competition, which can lead to better prices and more choices for consumers.
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Expired
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Additional Information
Print number: 117_HR_5639
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2021-10-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Foreign Merger Subsidy Disclosure Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5639.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-10-20.

What are the main provisions?

Key points include:

  • Companies receiving foreign government support must now disclose this information before merging with another company.
  • Antitrust authorities gain new tools to assess whether mergers involving foreign subsidies are fair to the market.
  • The act aims to protect competition, which can lead to better prices and more choices for consumers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fitzgerald, Scott [R-WI-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law