On December 29, 2022, President Joe Biden signed a funding bill into law that includes provisions that significantly change the filing fees for mergers & acquisitions notifiable under the Hart-Scott-Rodino (HSR) Act.
For transactions valued at more than $5 billion, HSR filing fees are set to jump approximately 800% – from $280,000 to $2.25 million – and will be adjusted for smaller transactions. Notably, the funds are earmarked to provide additional resources to antitrust enforcers, which may lead to increased enforcement efforts.
