Publication of Federal Register notice: The Commission, by a vote of 5-0, has authorized publication of a notice of proposed rulemaking seeking public comments on proposed amendments to the Hart-Scott-Rodino Rules (16 C.F.R. Parts 801-803). This proposed rulemaking introduces a number of changes that attempt to reconcile, as far as is practical, the current disparate treatment of corporations, partnerships, limited liability companies and other types of unincorporated entities under the rules, particularly in the areas of acquisitions of interests in these entities; formations of the entities; and the application of certain exemptions, including the intraperson exemption. There are also proposed ministerial changes to certain rules to adapt their application to both corporations and unincorporated entities. Additionally, there are proposed minor changes to the Notification and Report Form. In addition to proposed amendments concerning unincorporated entities, there are proposed technical corrections to Sections 801.13, 801.15 and 802.2.
The table at the following link to the Premerger Notification Office Web page summarizes the proposed amendments: http://www.ftc.gov/os/2004/03/premergerfrnhighlights.pdf. The text of the notice can be found at http://www.ftc.gov/os/2004/03/premergerfrn.pdf
The notice will be published in the Federal Register shortly. Comments should be sent to: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Ave., NW, Washington, DC 20580. An electronic comment can be filed at http://www.regulations.gov.
Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.