Series 79 practice questioneasyHart-Scott-Rodino Act
The Hart-Scott-Rodino (HSR) Act requires parties to large mergers and acquisitions to notify which federal agency before completing the transaction?
- AThe Securities and Exchange Commission only
- BThe Federal Reserve Board
- CThe Federal Trade Commission and the Department of Justice Antitrust Division✓ Correct answer
- DThe Office of the Comptroller of the Currency
Explanation
Why C — The Federal Trade Commission and the Department of Justice Antitrust Division
The HSR Act requires parties to transactions that meet certain size thresholds to file pre-merger notifications with both the Federal Trade Commission (FTC) and the Department of Justice (DOJ) Antitrust Division. These agencies review the proposed transaction for potential anticompetitive effects before clearing it to proceed. One of the two agencies will take primary responsibility for reviewing the transaction.
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