Notice2025-01518
Revised Jurisdictional Thresholds for Section 7A of the Clayton Act
Primary source
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Published
January 22, 2025
Issuing agencies
Federal Trade Commission
Abstract
The Federal Trade Commission announces the revised thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 required by the 2000 amendment of section 7A of the Clayton Act; and the revised filing fee schedule for the same Act required by division GG of the 2023 Consolidated Appropriations Act.
Full Text
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<title>Federal Register, Volume 90 Issue 13 (Wednesday, January 22, 2025)</title>
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[Federal Register Volume 90, Number 13 (Wednesday, January 22, 2025)]
[Notices]
[Pages 7697-7698]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-01518]
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FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for Section 7A of the Clayton
Act
AGENCY: Federal Trade Commission.
ACTION: Annual notice of revision.
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SUMMARY: The Federal Trade Commission announces the revised thresholds
for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 required
by the 2000 amendment of section 7A of the Clayton Act; and the revised
filing fee schedule for the same Act required by division GG of the
2023 Consolidated Appropriations Act.
DATES: February 21, 2025.
FOR FURTHER INFORMATION CONTACT: Nora Whitehead (<a href="/cdn-cgi/l/email-protection#3658415e5f42535e5357527650425518515940"><span class="__cf_email__" data-cfemail="d5bba2bdbca1b0bdb0b4b195b3a1b6fbb2baa3">[email protected]</span></a>,
202-326-3262), Bureau of Competition, Premerger Notification Office,
400 7th Street SW, Washington, DC 20024.
SUPPLEMENTARY INFORMATION: This document announces updates to (1) the
thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as required by the 2000 amendment of section 7A of the Clayton
Act; and (2) the filing fee schedule for the same Act, as required by
division GG of the 2023 Consolidated Appropriations Act. Both updates
are discussed in more detail below.
(1) The Jurisdictional Thresholds
Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by the Hart-
Scott-Rodino Antitrust Improvements Act of 1976, Public Law 94-435, 90
Stat. 1390 (``the Act''), requires all persons contemplating certain
mergers or acquisitions, which meet or exceed the jurisdictional
thresholds in the Act, to file notification with the Commission and the
Assistant Attorney General and to wait a designated period of time
before consummating such transactions. Section 7A(a)(2) requires the
Federal Trade Commission to revise those thresholds annually, based on
the change in gross national product, in accordance with section
8(a)(5).
The new jurisdictional thresholds, which take effect 30 days after
publication in the Federal Register, are as follows:
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Original 2025 Adjusted
Subsection of 7A jurisdictional jurisdictional
threshold threshold
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7A(a)(2)(A)..................... $200 million...... $505.8 million.
7A(a)(2)(B)(i).................. $50 million....... $126.4 million.
7A(a)(2)(B)(i).................. $200 million...... $505.8 million.
7A(a)(2)(B)(ii)(i).............. $10 million....... $25.3 million.
7A(a)(2)(B)(ii)(i).............. $100 million...... $252.9 million.
7A(a)(2)(B)(ii)(II)............. $10 million....... $25.3 million.
7A(a)(2)(B)(ii)(II)............. $100 million...... $252.9 million.
7A(a)(2)(B)(ii)(III)............ $100 million...... $252.9 million.
7A(a)(2)(B)(ii)(III)............ $10 million....... $25.3 million.
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Any reference to the jurisdictional thresholds and related
thresholds and limitation values in the HSR rules (16 CFR parts 801
through 803) and the Antitrust Improvements Act Notification and Report
Form (``the HSR Form'') and its Instructions will also be adjusted,
where indicated by the term ``(as adjusted)'', as follows:
------------------------------------------------------------------------
Original threshold 2025 Adjusted threshold
------------------------------------------------------------------------
$10 million............................ $$25.3 million.
$50 million............................ $126.4 million.
[[Page 7698]]
$100 million........................... $252.9 million.
$110 million........................... $278.2 million.
$200 million........................... $505.8 million.
$500 million........................... $1.264 billion.
$1 billion............................. $2.529 billion.
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(2) The Filing Fee Thresholds
Section 605 of Public Law 101-162 (15 U.S.C. 18a note) requires the
Federal Trade Commission to assess and collect filing fees from persons
acquiring voting securities or assets under the Act. The original
filing fee thresholds are set forth in section 605. Division GG of the
2023 Consolidated Appropriations Act, Public Law 117-328, 136 Stat.
4459, requires the Federal Trade Commission to revise these filing fee
thresholds and amounts based on the percentage change in the GNP for
such fiscal year compared to the GNP for the year ending September 30,
2022 (for the filing fee thresholds) and the percentage increase, if
any, in the Consumer Price Index, as determined by the Department of
Labor or its successor, for the year then ended over the level so
established for the year ending September 30, 2022 (for the fee
amounts).
Any reference to the fee thresholds and related values in the HSR
rules (16 CFR parts 801 through 803) and the HSR Form and its
Instructions will also be adjusted, where indicated by the term ``(as
adjusted)'', as follows:
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2025 Adjusted
Original filing fee Original applicable size of 2025 Adjusted applicable size of
transaction * filing fee transaction *
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$30,000............................. less than $161.5 million. $30,000 less than $179.4
million.
100,000............................. not less than $161.5 million but 105,000 not less than $179.4
less than $500 million. million but less than
$555.5 million.
250,000............................. not less than $500 million but 265,000 not less than $555.5
less than $1 billion. million but less than
$1.111 billion.
400,000............................. not less than $1 billion but less 425,000 not less than $1.111
than $2 billion. billion but less than
$2.222 billion.
800,000............................. not less than $2 billion but less 850,000 not less than $2.222
than $5 billion. billion but less than
$5.555 billion.
2,250,000........................... $5 billion or more. 2,390,000 $5.555 billion or
more.
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* As determined under Section 7A(a)(2) of the Act.
By direction of the Commission.
April Tabor,
Secretary.
[FR Doc. 2025-01518 Filed 1-21-25; 8:45 am]
BILLING CODE 6750-01-P
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