# Summary of S. 4434: CLEAN Mergers Act
The CLEAN Mergers Act would significantly strengthen the government's ability to unwind large corporate mergers and acquisitions by amending antitrust law. The bill requires companies to divest assets from any transaction worth $10 billion or more completed between January 2025 and January 2029, unless they can convince a court that the deal poses no competitive harm. Additionally, federal agencies like the Justice Department and Federal Trade Commission can review other large mergers from the same period for enforcement violations, including improper government communications, misrepresentations to regulators, or undue political influence, and can order divestitures if violations are found. Companies that fail to comply with divestiture orders face substantial penalties, including up to $100,000 per day and treble damages, while the bill also extends the statute of limitations for antitrust lawsuits from four years to ten years. The legislation imposes strict document preservation requirements on companies involved in covered transactions and grants state attorneys general the right to intervene in any related court proceedings.
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