The Clinton administration will convene a task force next week to study the economic effect of recent megamergers in the banking, automotive, airline, and communications industries.

An administration official said the group will be headed by Gene Sperling, chairman of the National Economic Council. It will consist of representatives of the Treasury, Justice, Commerce, and Transportation departments, as well as the Securities and Exchange and Federal Trade commissions.

The official cautioned that the group will focus more on researching why the mergers are occurring than on recommending changes in policy.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.