SB218

The federal Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires certain persons who intend to engage in certain mergers or acquisitions to file a notification with the Federal Trade Commission and the United States Department of Justice. (15 U.S.C. § 18a) Under existing state law, a person who is required to file such a notification for any transaction involving any assets of a group practice or health carrier in this State is required to simultaneously submit a copy of the filing to the Attorney General. (NRS 598A.400) This bill enacts the Uniform Antitrust Pre-Merger Notification Act promulgated by the Uniform Law Commission in 2024, which, in general, requires certain additional persons who are required to file a notification under the Hart-Scott-Rodino Act to file that same notification with the Attorney General contemporaneously with the federal filing. Sections 4-11 of this bill define terms for the purposes of the Uniform Act. Section 12 of this bill requires a person who files a notification pursuant to the Hart-Scott-Rodino Act to file a copy of the federal notification form with the Attorney General if: (1) the person has its principal place of business in this State; or (2) the person or a person it controls directly or indirectly had a certain amount of annual net sales of certain goods or services in this State. Section 12 also requires a person to file with the Attorney General a complete electronic copy of any additional documentary material prov