SB 25-126

Senate Bill 25-126, known as the "Uniform Antitrust Pre-Merger Notification Act," requires companies planning a merger or acquisition and doing business in Colorado to submit information about the deal to both federal authorities and the state attorney general. If these companies fail to comply, they can face daily fines of up to $10,000. The bill also allocates funding for the Department of Law to enforce this new requirement. Since it has been signed into law, Colorado businesses involved in mergers or acquisitions must now adhere to these new rules.

Official Summary

The act enacts the "Uniform Antitrust Pre-Merger Notification Act", drafted by the Uniform Law Commission. The act: 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 the person filed with the pre-merger notification; Requires the attorney general to keep the filed form and documentary material confidential, subject to specified exceptions; and Authorizes the attorney general to impose a civil penalty of not more than $10,000 per day of noncompliance on any person that fails to comply with the filing requirement. For the 2025-26 state fiscal year, the act appropriates $68,052 from the general fund to the department of law to implement the act. (Note: This summary applies to this bill as enacted.)

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