To amend the Clayton Act and the Federal Trade Commission Act to provide that the Federal Trade Commission shall exercise authority with respect to mergers only under the Clayton Act and only in the same procedural manner as the Attorney General exercises such authority.

Bill 114 hr 2745 aims to amend the Clayton Act and the Federal Trade Commission Act to limit the Federal Trade Commission's authority over mergers. The bill proposes that the FTC should only have the power to regulate mergers under the Clayton Act and should do so in the same procedural manner as the Attorney General.

The Clayton Act is a federal law that prohibits anticompetitive practices, such as mergers and acquisitions that may lessen competition. The Federal Trade Commission Act established the FTC as an independent agency responsible for enforcing antitrust laws and promoting fair competition.

If passed, this bill would restrict the FTC's ability to review and approve mergers, giving more power to the Attorney General in this process. This change would impact how mergers are evaluated and approved, potentially affecting competition in various industries. Overall, Bill 114 hr 2745 seeks to redefine the FTC's role in regulating mergers and ensure that its authority aligns with the procedures followed by the Attorney General.