SB 25-126

Abstract

Colorado Commission on Uniform State Laws. The bill enacts the "Uniform Antitrust Pre-Merger Notification Act", drafted by the Uniform Law Commission. The bill: Requires a person filing a pre-merger notification with the federal government under the federal "Hart-Scott-Rodino Act" that has its principal place of business in the state or directly or indirectly has annual net sales in the state of at least 20% of the filing threshold to contemporaneously file with the state attorney general complete electronic copies of the Hart-Scott-Rodino form and any additional documentary material that are filed with the pre-merger notification; Requires the attorney general to keep the filed form and documentary materials confidential, subject to specified exceptions; and Authorizes the attorney general to impose a civil penalty of not more than $10,000 per day on any person that fails to comply with the filing requirement.(Note: This summary applies to this bill as introduced.)