The Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) proposed merger guidelines Wednesday that reflect the Biden administration's aggressive enforcement approach to corporate acquisitions. The new guidelines would consider a transaction's effects not only on competition, but also on the labor market, antitrust attorneys said.

The proposed guidelines call for regulators to review planned acquisitions with an eye toward whether the deal would "substantially lessen competition for workers or other sellers."

When a merger is part of a series of multiple acquisitions, the proposal calls for the FTC and DOJ to examine the whole series, a break from previous guidelines that did not specifically consider serial acquisitions.

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Maydeen Merino

Maydeen Merino is a regulatory reporter, covering the DOJ, FTC, SEC and EPA. She can be reached at [email protected].

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