H.J.Res. 39 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Trade Commission relating to "Premerger Notification; Reporting and Waiting Period Requirements".

H.J.Res. 39 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Trade Commission relating to "Premerger Notification; Reporting and Waiting Period Requirements". | JustPolicyThe main purpose of this legislative text is to allow Congress to formally disapprove a specific rule set by the Federal Trade Commission (FTC) regarding premerger notifications. This rule outlines the requirements for companies to report certain mergers and acquisitions to the FTC and the waiting period that must be observed before these transactions can proceed. Key provisions of this resolution state that Congress is exercising its authority to reject the FTC's rule on premerger notification. By doing so, the resolution declares that the rule will not be enforced or have any legal effect.