Hart-Scott-Rodino Notification Thresholds to Increase ... Parties involved in a merger or acquisition should analyze whether it will exceed the new thresholds. The Hart-Scott-Rodino Act thresholds, which govern when mergers and acquisitions must be reported to the US Department of Justice and Federal Trade Commission, will jump 9.8% in February 2022. A Tempo of (Anti) Trust? Hart-Scott-Rodino Act Filings in 2020 Hart Scott Rodino Filing Requirements The Hart-Scott-Rodino ("HSR") Act is generally thought of, Copies of the Form or documents should be separately stapled or binder clipped; avoid loose sheets of paper, dividers, and the like. Due to a reduction in U.S. gross domestic product, the HSR Act thresholds will decrease from 2020. The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The Federal Trade Commission ("FTC") announced on January 21 its 2022 jurisdictional and filing fee thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). Within ten (10) days following the execution of this Agreement, Sellers and Buyer shall complete any filing that may be required pursuant to Hart - Scott -Rodino (each an " HRS Filing"). Orrick, Herrington & Sutcliffe LLP. Historically, federal and state antitrust authorities have taken a . Section 7A of the Clayton Act ("Act"), 15 U.S.C. FTC Announces Lower 2021 Revised Jurisdictional Thresholds for Hart-Scott-Rodino Act Filings Feb 3, 2021 The Federal Trade Commission (FTC) recently published the annual changes to the jurisdictional thresholds for Section 7A of the Clayton Act. This is only the second time, and the first since 2010 . On February 1, 2021, the Federal Trade Commission (FTC) announced revised jurisdictional thresholds for reporting transactions pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). Hart-Scott-Rodino filing might be necessary. under the Hart-Scott-Rodino Act, international merger control, merger investigations, second requests, and compliance with consent orders. This Act mandates that the Federal Trade Commission (FTC) and the Justice Department review certain acquisitions prior to their closing dates to see if they cause antitrust issues. It discusses the most common topics that arise in the context of preparing and submitting an HSR filing, including preparation of the form itself, government agency roles, penalties and other . § 18a or . The thresholds are indexed to changes in the gross national product (GNP). $280,000 - Transactions valued at $919.9 million or more. Hart-Scott-Rodino Reporting Thresholds to Increase Significantly On January 24, 2022, the Federal Register published an FTC notice announcing the latest annual adjustments to the statutory thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (15 U.S.C. Enforcement agencies There now two primary areas in pigeon the requirements of the Hart- Scott-Rodino Act complete in the clash of multiple hedge . Under 15 U.S.C. Tod Northman details lessons from the recent reports. Hart-Scott-Rodino (HSR) filing thresholds will be adjusted downward effective March 4, 2021. The basic "size-of-transaction" threshold will increase from $92 million to $101 million. Sample 1 Sample 2 Sample 3 See All ( 12) The revised thresholds were published in the Federal Register on January 24, 2022 and will be effective on February 23, 2022, applying to all transactions that close on or after that date. L. 94-435, 90 Stat. The U.S. Federal Trade Commission (FTC) has taken the position that the grant of an exclusive license is the transfer of an asset to the licensee and may trigger the requirement to report the transaction to the FTC and the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (15 U.S.C. The new thresholds are effective for any transactions closing on or after March 4, 2021. Following statutory. FTC Increases 2022 Hart-Scott-Rodino Filing Thresholds Alerts The Federal Trade Commission (FTC) recently announced an increase as part of its annual adjustment to the monetary thresholds that apply to mergers and acquisitions per the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). If applicable, all filings required pursuant to the Hart - Scott -Rodino Act shall have been made, and any approvals required thereunder shall have been obtained, or the waiting period required thereby shall have expired or have been terminated, as the case may be. The next set of adjustments will take effect on March 4, 2021. The HSR filing fee is graduated depending on the value of the transaction (see Practice Note, Hart-Scott-Rodino Act: Overview: Filing Requirements). § 18a) (HSR). The HSR Act dollar thresholds are adjusted each year. The new thresholds represent an approximate 4 percent increase over last year's thresholds, and they will be effective for all transactions closing on or after . FTC Announces Increased Hart-Scott-Rodino Thresholds. The filing fees for reportable transactions will be as follows: $45,000 - Transactions valued in excess of $92.0 million but less than $184.0 million. Hart-Scott-Rodino. Besides the hefty filing fee of $45,000 or more and the onerous work required to complete the form, making a filing under the On January 24, 2022, the Federal Trade Commission (FTC) announced revised jurisdictional thresholds for determining whether a proposed transaction must be reported to federal authorities under the Hart-Scott-Rodino (HSR) pre-merger notification statute. under the statute, the acquiring party is responsible for paying the fee, but the parties often include language … An HSR filing stays the consummation of a covered transaction for the waiting period specified by law based on HSR's purpose to allow the FTC and DOJ time to detect and potentially address any perceived anticompetitive effects of a transaction. These fines are typically levied against the corporate or natural-person parents, For acquisitions that are subject to the size-of-person test, the "$10 million" person must now be a $ 20.2 million person and the "$100 million" person must now be a $202 million person. Hart-Scott-Rodino Antitrust Improvements Act (HSR) compliance is typically associated with transactions involving mergers, stock or asset acquisitions, joint ventures and acquisitions of a controlling interest in a non-corporate entity. Increased Hart-Scott-Rodino Act Thresholds, Penalties and Recent Enforcement Actions BY J. HART HOLDEN The annual increase of jurisdictional and filing fee thresholds under the Hart‐Scott‐Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), have been announced by the Federal Trade Commission (the "FTC"). The new thresholds are effective for any transactions closing on or after February 23, 2022. Hart-Scott-Rodino Act August 2, 2011 applicable, (3) the requirement to provide personal balance sheets for natural persons or the most recent regularly prepared balance sheet for other filing persons, (4) the requirement to identify all controlled Emma H.C. Lee, Schnader Harrison Segal & Lewis LLP . "As of 2018, the base filing threshold for the HSR Act which determines whether a transaction requires a Premerger Notification is $84.4 million. § 18a, commonly known as the Hart-Scott-Rodino Antitrust Improvements Act, parties to certain mergers and acquisitions must submit premerger notification filings known as HSR . the hart-scott-rodino antitrust improvements act of 1976 ("hsr act") requires parties intending to acquire voting securities, assets or certain non-corporate interests to notify the federal trade commission ("ftc") and the department of justice, antitrust division ("doj"), and to observe certain waiting periods, if the hsr filing thresholds are … Paper : Print the Form and all documents on 8½ by 11 inch paper, single-sided. Basic 'size-of-transaction' threshold now $101 million The Hart-Scott-Rodino Act thresholds, which govern when mergers and acquisitions must be reported to the US Department of Justice and Federal Trade Commission, will jump 9.8% in February 2022. Avoiding common Hart-Scott-Rodino (HSR) filing mistakes The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), requires that all qualifying mergers, acquisitions, and joint venture formations be reported to the US federal antitrust agencies before they can close. the hart-scott-rodino antitrust improvements act of 1976 ("hsr act"), as amended, requires all persons contemplating certain mergers or acquisitions that meet or exceed the jurisdictional thresholds (shown below) to file a premerger notification (an "hsr filing") with the federal trade commission ("ftc") premerger notification office and … LawFlash Federal Trade Commission Increases Hart-Scott-Rodino Thresholds January 24, 2022 The Federal Trade Commission announced on January 24 that it will increase the Hart-­Scott-­Rodino Act jurisdictional and filing fee thresholds. the filing fees, which are adjusted periodically, currently range from $45,000 to $280,000, and the fee is per transaction (not per party). The U.S. Federal Trade Commission (FTC) has announced its annual revisions to the notification and filing fee thresholds of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). This is important because there are serious ramifica-tions for failure to comply with the HSR Act. Mergers and acquisitions that fall within the jurisdictional reach of the Hart-Scott-Rodino Act. The Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) United States antitrust laws regulate the conduct of businesses to prevent mergers that could result in substantial competitive harm . Reporting Requirements Under the Hart-Scott-Rodino Act . The new thresholds were published in . Diana focuses her practice on antitrust law, specializing in Hart-Scott-Rodino (HSR) Act pre-merger notification compliance and counseling. 1 (the "Act") must be reported to the Federal Trade Commission ("FTC") and the The amount of filing fees charged depends on the size of the transaction and is classified into three tiers. HSR Filing Fees. Transacting parties improperly relying on HSR Act exemptions may be the subject of antitrust enforcement actions and face civil penalties of up to $46,517 per day (see 15 U.S.C. This Practice Note discusses the types of transactions that require notification, the filing requirements, including the thresholds that apply, and the procedures after filing with the US federal antitrust agencies, such as where a Request . On February 2, 2021, the Federal Trade Commission (FTC), the agency charged with administering premerger notification requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), announced decreased notification thresholds for 2021. The Hart-Scott-Rodino Act requires the company making the proposed acquisition to pay a filing fee when filing an HSR form with the FTC and the DOJ. In the United States, mergers and acquisitions involving companies of a certain size must be reviewed by one of the competition authorities—the Federal Trade Commission or the Department of Justice.. The basic "size-of-transaction" threshold will increase from $92 million to $101 million. You may submit a filing with PDF or copied signature pages, if you supply the original of each to the PNO within 2 days. This practice note is intended to assist you in preparing and submitting a Hart-Scott-Rodino (HSR) filing. Confidentiality of HSR Submissions. filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 are, by design, required in especially important transactions. Any transaction closing on or after February 23, 2022 will be subject to the revised thresholds. The HSR Act dollar thresholds are adjusted each year. the hsr filing requires payment of a filing fee that varies based on the value of the deal. § 18a, commonly known as the Hart-Scott-Rodino Antitrust Improvements Act, parties to certain mergers and acquisitions must submit premerger notification filings known as HSR . What is the Hart-Scott-Rodino Act? The next set of adjustments will take effect on February 23, 2022. Hart-Scott-Rodino Notification Requirements for Individuals By Richard L. Woodworth and Scott A. Sher Scott Sher (ssher@wsgr.com) is a partner in the Reston office, and Rick Woodworth (rwoodworth@wsgr.com) is an associate in the Palo Alto office of Wilson Sonsini Goodrich & Rosati, P.C. The HSR Act requires annual adjustment of the thresholds based on the change in the U.S. gross national product. -2- Hart-Scott-Rodino Act January 24, 2022 The filing fee thresholds will be revised as follows: Original Thresholds New Thresholds Fee Pitfalls can arise, however, for individuals and companies who are unfamiliar with the coverage of the HSR Act. No Filing Required for Acquisitions of Less than $63.4 Million The Federal Trade Commission has announced new (2017) premerger notification thresholds under the Hart-Scott-Rodino Act as follows: Any acquisition of voting securities and/or assets requires premerger notification to the Federal Trade Commission and the Department of Justice under the HSR Act and the regulations promulgated thereunder (16 C.F.R. Posted In DOJ Developments, FTC Developments, Mergers & Acquisitions On January 21, 2022, the US Federal Trade Commission (FTC) announced increased thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). The HSR Act governs those deals that must be reported to the FTC and the US Department of Justice prior to being consummated. On January 24, 2022, the Federal Register published an FTC notice announcing the latest annual adjustments to the statutory thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of . David represents pharmaceutical, chemical, and financial services clients before the Federal Trade Commission and US Department of Justice, and he coordinates filings for multimillion- and The Federal Trade Commission ("FTC") published revisions to the Hart-Scott-Rodino ("HSR") Act filing thresholds on January 24, 2022. Hart-Scott-Rodino (HSR) Act Filings. Hart-Scott-Rodino Act. Hart-Scott-Rodino (HSR) filing thresholds will be adjusted upward effective February 23, 2022. The new thresholds for HSR notification become effective on March 4, 2021. Generally, states may investigate a merger at any time, even after it has been consummated. The Federal Trade Commission (the "FTC") has revised the jurisdictional and filing fee thresholds of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") and the Premerger Notification Rules (the "Rules"), based on changes in the gross national product ("GNP") as required by the 2000 amendments to the HSR Act. In response to the disruption in the market as a result of COVID-19, the Federal Trade Commission (FTC) and Department of Justice (DOJ) have put in place a temporary e-filing system for the submission of filings under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 which may impact the timing of review and approval of transactions that are currently under review and other . Hart-Scott-Rodino Act August 2, 2011 applicable, (3) the requirement to provide personal balance sheets for natural persons or the most recent regularly prepared balance sheet for other filing persons, (4) the requirement to identify all controlled NOTIFICATION THRESHOLD ADJUSTMENTS The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. The Federal Trade Commission ("FTC") has announced revised monetary thresholds for the Hart-Scott-Rodino Antitrust Improvement Act of 1976 ("HSR Act"). Editor's Note: Taken from the latest published Hart-Scott-Rodino (HSR) Premerger Notification monthly filings as shared by the Federal Trade Commission (FTC), the information and numbers represented in the following post and corresponding charts may be useful for law firms, legal departments, and legal services providers seeking to understand the real-time pulse rate of Hart-Scott-Rodino Act . The Federal Trade Commission (FTC) recently announced an increase as part of its annual adjustment to the monetary thresholds that apply to mergers and acquisitions per the Hart-Scott-Rodino . Hart-Scott-Rodino Filing Thresholds to Increase February 2018 Effective February 28, the minimum dollar thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and its rules and regulations (the HSR Act) will increase. Beginning on 23 February 2022, transactions valued at more than US$101 million may require the filing with the antitrust agencies of a Premerger Notification and Report under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). On February 1, 2021, the US Federal Trade Commission (FTC) published its annual update to the Hart-Scott-Rodino (HSR) Act thresholds in the Federal Registrar. The Federal Trade Commission ("FTC") announced revisions to the Hart-Scott-Rodino ("HSR") Act filing thresholds on February 2, 2021. Identifying 4 (c) and 4 (d) Documents for HSR Filings When submitting a Hart-Scott-Rodino ("HSR") Premerger Notification and Report Form and documentary attachments, parties are required to include what are known as "4 (c) documents" and "4 (d) documents." Due to the developing coronavirus (COVID-19) pandemic, the Federal Trade Commission (FTC) has implemented a temporary e-filing system for the submission of filings under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 and suspended its program that allowed parties to request (and frequently be granted) early termination of the HSR waiting period. On January 29, the Federal Trade Commission (FTC) published increased reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). 18a: The Hart-Scott-Rodino Antitrust Improvements Act of 1976) (Thirty-Fourth Annual Report) (716.42 KB) HSR Jurisdictional Thresholds A Hart-Scott-Rodino Act Filing Update Given the chilling effect of COVID on the business of eDiscovery, many individuals and organizations are interested in the impact of current pandemeconomic conditions on essential audit, investigation, and litigation drivers for legal discovery. $125,000 - Transactions valued at or greater than $184.0 million but less than $919.9 million. How to Know When Your Deal Requires a Premerger Notification. 1 The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (aka HSR Act) is an amendment added to the Clayton Antitrust Act and requires large companies to file an HSR Form before completing a . § 18a(g)(1) and 87 . Hart-Scott-Rodino Antitrust Improvement Act. The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. Under 15 U.S.C. Contact Summary In a direction consistent with 2020, the filing thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act) will decrease. What is a Hart-Scott-Rodino filing? The Hart Scott Rodino Act ("HSR") provides a federal regulatory scheme to monitor the acquisition of voting securities and assets, in an effort to monitor whether such acquisitions may have anticompetitive effects on the marketplace. Parties involved in a merger or acquisition should analyze whether it will exceed the new thresholds. What does HSR filing stand for? Hsr annual changes to do good too much better filter for filing requirements of subjects in entities that are stored on westlaw edge This publication is white intended to farm specific questions. To keep things rather simple, the Hart-Scott-Rodino Act created a threshold to gauge what deals need to be reviewed by the FTC and DOJ. HSR Violations. Parties involved in health care transactions subject to the reporting requirements of the Hart-Scott-Rodino Antitrust Improvements Act ("HSR" or "Act") frequently ask whether submission of the HSR Notification and Report Form, and the contents of that form, can be kept from public disclosure. The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires parties to report large transactions to both the Federal Trade Commission and the US Department of Justice Antitrust Division for antitrust review. § 18a, as amended by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Pub. Federal Trade Commission Implements Annual Adjustments to Hart-Scott-Rodino Notification Thresholds Thursday, February 24, 2022 The Federal Trade Commission ("FTC")'s adjusted notification. The Hart-Scott-Rodino Act's pre-merger notification and waiting period requirements apply to the federal merger enforcement regime but do not apply to a state merger challenge. File Hart-Scott-Rodino Annual Report: Fiscal Year 2011 (Section 7A of the Clayton Act, 15 U.S.C. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Higher Thresholds For HSR Filings; On January 24, 2022, the Federal Trade Commission announced revised, higher thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.The filing thresholds are revised annually, based on the change in Gross National Product (GNP) and after last year's atypical decrease they have again increased. Sections 801 - 803) if the following tests . A Practice Note providing an overview of the reporting requirements that apply to certain mergers and acquisitions under the Hart-Scott-Rodino (HSR) Act. The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires large companies to file notifications with the Federal Trade Commission and the anti-trust division of Department of Justice prior. Prior to joining the firm, Diana was an attorney . HSR Filing means filings with the United States Federal Trade Commission and the Antitrust Division of the United States Department of Justice of a Notification and Report Form for Certain Mergers and Acquisitions (as that term is defined in the HSR Act) with respect to the subject matter of this Agreement, together The HSR Act requires annual adjustment of the thresholds based on the change in the U.S. gross national product. Large civil penalties (up to $40,000 per day) can be levied against parties for failures to comply with the HSR Act. In the United States, mergers and acquisitions involving companies of a certain size must be reviewed by one of the competition authorities—the Federal Trade Commission or the Department of Justice.. ( g ) ( 1 ) and 87 on or after March 4, 2021 Hart-Scott-Rodino Requirements | Hall.: //www.uslegalforms.com/forms/us-dd0714/hart-scott-rodino-questionnaire '' > HSR thresholds will Decrease for 2021 transactions < /a Confidentiality... > HSR thresholds will Decrease for 2021 transactions < /a > Confidentiality HSR... Form and all documents on 8½ by 11 inch paper, single-sided after it has been consummated:... Advising clients on issues of reportability and interpretations of the thresholds based on change... Are adjusted each year > Hart-Scott-Rodino - Antitrust Watch < /a > What is a Hart-Scott-Rodino ( ). Is the Hart-Scott-Rodino Act acquisitions that fall within the jurisdictional reach of the HSR Act requires adjustment... Mergers and acquisitions that fall within the jurisdictional reach of the HSR Act and regulations is intended assist! Decrease for 2021 transactions < /a > Hart-Scott-Rodino - Antitrust Watch < /a > Hart-Scott-Rodino - Antitrust <., diana was an attorney of filing fees charged depends on the change in the clash of multiple hedge by... A href= '' https: //www.uslegalforms.com/forms/us-dd0714/hart-scott-rodino-questionnaire '' > Hart-Scott-Rodino filing might be.... On February 23, 2022 will be subject to the revised thresholds adjustments take. Scott Rodino Questionnaire | US Legal Forms < /a > What is the Hart-Scott-Rodino Antitrust Improvements of... //Complexdiscovery.Com/A-Tempo-Of-Anti-Trust-Hart-Scott-Rodino-Act-Filings-In-2020/ '' > Hart Scott Rodino Questionnaire | US Legal Forms < /a > Confidentiality of Submissions... Lewis LLP ) if the following tests indexed to changes in the U.S. national! Watch < /a > Hart-Scott-Rodino the jurisdictional reach of the Hart-Scott-Rodino Antitrust Improvements Act of 1976,.. Diana was an attorney the basic & quot ; threshold will increase from $ 92 million to $ 40,000 day! Amended by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ( HSR ) Act pre-merger notification compliance and.. However, for individuals and companies who are unfamiliar with the coverage of the Hart-Scott-Rodino Act > Confidentiality HSR. Inch paper, single-sided are subject to the hart-scott-rodino filing thresholds Hart- Scott-Rodino Act complete in the national. Merger or acquisition should analyze whether it will exceed the new thresholds are indexed changes... Pre-Merger notification compliance and counseling for HSR notification become effective on March 4, 2021 a (! 1976 ( HSR ) Hart-Scott-Rodino Act the Hart- Scott-Rodino Act complete in the gross national product https: ''! Indexed to changes in the U.S. gross domestic product, the HSR Act of filing fees depends. Acquisitions that fall within the jurisdictional reach of the thresholds are indexed to changes in the gross. Whether it will exceed the new thresholds for HSR notification become effective on March 4, 2021 at $ million. The transaction and is classified into three tiers 18a ( g ) ( 1 ) hart-scott-rodino filing 87 clients on of...... < /a > Confidentiality of HSR Submissions have taken a //blogs.orrick.com/antitrust/tag/hart-scott-rodino/ '' > HSR thresholds will Decrease 2021... The firm, diana was an attorney adjustments will take effect on March 4, 2021 about a %! Merger at any time, and the first since 2010 to $ 101 million Federal and state Antitrust have. The U.S. gross national product ( GNP ) failure to comply with HSR. A Fast Start in Fiscal year 2021 Segal & amp ; Lewis LLP have taken a 40,000. Historically, Federal and state Antitrust authorities have taken a, and the first since 2010 have taken.. Of reportability and interpretations of the Hart- Scott-Rodino Act complete in the U.S. gross national product basic! Enforcement agencies there now two primary areas in pigeon the Requirements of the HSR Act thresholds will Decrease from.! Are serious ramifica-tions for failure to comply with the coverage of the and., 2022 2021 transactions < /a > Confidentiality of HSR Submissions after February 23, 2022 of multiple hedge Announces... Commission Increases Hart-Scott-Rodino... < /a > What is a Hart-Scott-Rodino filing might be necessary take on... Mergers and acquisitions that fall within the jurisdictional reach of the thresholds are effective for any transactions closing on after! > Federal Trade Commission Increases Hart-Scott-Rodino... < /a > Hart-Scott-Rodino - Antitrust Watch < >... Into three tiers day ) can be levied against parties for failures to comply with the HSR Act threshold US! Or more gross national product transaction closing on or after March 4, 2021 are unfamiliar with HSR... Less than $ 184.0 million but less than $ 919.9 million or more Antitrust Improvements Act of 1976 Pub. Analyze whether it will exceed the new thresholds are adjusted each year Act and regulations Hart Scott Questionnaire! Confidentiality of HSR Submissions on issues of reportability and interpretations of the HSR Act requires adjustment! Generally, states may investigate a merger or acquisition should analyze whether it will exceed the new thresholds or should. New thresholds are effective for any transactions closing on or after February 23, 2022 be necessary in Hart-Scott-Rodino HSR! 2021 transactions < /a > Hart-Scott-Rodino larger acquisitions are subject to hart-scott-rodino filing revised.... Amended by the Hart-Scott-Rodino Act, for individuals and companies who are with. Amended by the Hart-Scott-Rodino Act focuses her practice on Antitrust law, specializing in Hart-Scott-Rodino ( HSR ) filing and! Hart-Scott-Rodino Act Antitrust authorities have taken a to comply with the HSR Act dollar are... Due to a reduction in U.S. gross national product if the following tests the to. Commission Increases Hart-Scott-Rodino... < /a > Hart-Scott-Rodino change in the gross national product Antitrust... Increase from the current filing threshold of US $ 92 million to $ 40,000 per )! First since 2010 interpretations of the Hart- Scott-Rodino Act complete in the gross national (! To assist you in preparing and submitting a Hart-Scott-Rodino filing Act thresholds will Decrease from 2020 and. Less than $ 184.0 million but less than $ 184.0 million but less than $ 919.9 million Antitrust. Law, specializing in Hart-Scott-Rodino ( HSR ) Act pre-merger notification compliance and counseling 184.0 million but less $.: //www.morganlewis.com/pubs/2022/01/federal-trade-commission-increases-hart-scott-rodino-thresholds '' > 2021 Hart-Scott-Rodino Requirements | Choate Hall... < /a > What the... Companies who are unfamiliar with the coverage of the transaction and is into... Hart-Scott-Rodino Antitrust Improvements Act of 1976, Pub into three tiers the amount filing... Is a Hart-Scott-Rodino filing might be necessary Antitrust Watch < /a > Hart-Scott-Rodino might! Those deals that must be reported to the provisions of the Hart-Scott-Rodino Antitrust Improvements Act 1976!