The Federal Trade Commission won’t accept or process filings from companies about upcoming mergers if the government shuts down, in an effort to conserve resources when operating with a skeleton staff.
The revision to the FTC’s contingency plan, implemented on Thursday, comes just one week after Congress passed a temporary spending bill to avert a partial US government shutdown and finance agencies until March. Constant threats of a shutdown prompted the FTC to reassess its protocol, spokesperson Douglas Farrar told Bloomberg Law.
The commission’s Premerger Notification Office, which was previously set to operate with modifications during a shutdown, will ...
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