House adopts uniform pre-merger notification law amid chamber concerns, sends measure to Senate

Representative Tuscher introduced first substitute H.B. 4 66, the Uniform Antitrust Pre‑Merger Notification Act amendments, saying the measure adopts a uniform notification path for state attorneys general that aligns state pre-merger reporting with the federal filing form to reduce duplicative burdens on businesses and ensure state access to material pre‑merger information.

Tuscher said the uniform approach limits separate state paths and helps state attorneys general review potential antitrust concerns before mergers become public. He told the House the bill delays implementation until July 2026 to allow state offices time to prepare and that Utah is not alone in considering adoption; West Virginia has also introduced similar legislation.

Representative Ballard moved to circle the bill to allow further work with the Salt Lake Chamber of Commerce, arguing private-sector concerns about additional regulatory burdens and that other states considering similar measures are predominantly Democratic-controlled jurisdictions. Representative Tuscher opposed the motion and said he was working with the Chamber and had delayed the implementation date to address concerns. The motion to circle failed and the House proceeded to final passage.

The clerk announced first substitute H.B. 4 66 passed the House 60-10 and will be sent to the Senate for consideration.

Why it matters: A state-level pre-merger notification process can change how businesses and state attorneys general exchange information about mergers and acquisitions. Supporters said a uniform mechanism reduces multi-state burdens and improves state review; critics urged more stakeholder review before sending the bill to the Senate.

Votes at a glance: First substitute H.B. 4 66 — passed by the House, 60 yes, 10 no; transmitted to the Senate.