U.S. Federal Trade Commission Announces Annual Revisions to the HSR Act's Thresholds and Changes to Maximum Civil Penalty Amounts
January 24, 2022
On January 24, 2022, the U.S. Federal Trade Commission announced its annual revisions to the jurisdictional thresholds of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Barring an exemption, parties to a transaction meeting these thresholds must make pre-closing notifications to the U.S. antitrust authorities and abide by a mandatory waiting period. The revised thresholds also dictate the relevant filing fee the parties must pay when submitting their HSR filings. The new thresholds will apply to any transaction that closes 30 days after the new thresholds are published in the Federal Register. The maximum civil penalty amounts for premerger notification violations under the HSR Act increased and went into effect on January 10, 2022.