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H.R. 3843 — what changed

Merger Filing Fee Modernization Act of 2022

From Introduced in House to Reported in House. 2 sections amended between Introduced in House and Reported in House.

Section 1 Short title

changed This Act may be cited as the “Merger Filing Fee Modernization Act of 2021”.2022”.

Sec. 2 Premerger notification filing fees

Section 605 of Public Law 101–162 (15 U.S.C. 18a note) is amended—

(1)
in subsection (b)—
(A)
in paragraph (1)—
(i)
by striking “$45,000” and inserting “$30,000”;
(ii)
by striking “$100,000,000” and inserting “$161,500,000”;
(iii)
by striking “2004” and inserting “2022”; and
(iv)
by striking “2003” and inserting “2021”;
(B)
in paragraph (2)—
(i)
by striking “$125,000” and inserting “$100,000”;
(ii)
by striking “$100,000,000” and inserting “$161,500,000”;
(iii)
by striking “but less” and inserting “but is less”; and
(iv)
by striking “and” at the end;
(C)
in paragraph (3)—
(i)
by striking “$280,000” and inserting “$250,000”; and
(ii)
by striking the period at the end and inserting “but is less than $1,000,000,000 (as so adjusted and published);”; and
(D)
by adding at the end the following:

“(4) $400,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $1,000,000,000 (as so adjusted and published) but is less than $2,000,000,000 (as so adjusted and published);

“(5) $800,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $2,000,000,000 (as so adjusted and published) but is less than $5,000,000,000 (as so adjusted and published); and

“(6) $2,250,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $5,000,000,000 (as so adjusted and published).”

(2)
by adding at the end the following:

“(c)

“(1) For each fiscal year commencing after September 30, 2022, the filing fees in this section shall be increased each year by an amount equal to 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, 2021.

“(2) As soon as practicable, but not later than January 31 of each year, the Federal Trade Commission shall publish the adjusted amounts required by paragraph (1).

“(3) The Federal Trade Commission shall not adjust amounts required by paragraph (1) if the percentage increase described in paragraph (1) is less than 1 percent.

changed “(4) An amount adjusted under this section shall be rounded to the nearest multiple of $5,000.”$5,000.

added “(5) For each fiscal year commencing after September 30, 2022, through September 30, 2027, the Federal Trade Commission and Department of Justice shall include in its joint annual report pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (15 U.S.C. 18(a) et seq.) the following:

added “(A) the increase in funds made available to the Federal Trade Commission and the Department of Justice, respectively, through the adjustment in premerger notification filing fees in 15 U.S.C. 18(a) from the funds made available to the Federal Trade Commission and the Department of Justice, respectively, from premerger notification filing fees as the fees were determined in fiscal year 2021;

added “(B) the total revenue derived from premerger notification filing fees, by tier, and how such revenue is used by the Federal Trade Commission and the Department of Justice, respectively; and

added “(C) the gross cost of operations of the Federal Trade Commission and the Department of Justice, respectively, associated with activities related to the use of revenue derived from premerger notification filing fees.

added “(6) The Federal Trade Commission shall report, in addition to the requirements listed in paragraph (5), a listing of all cases where the Federal Trade Commission took or declined to take action on a 3 to 2 vote and what percentage of actions of the Federal Trade Commission were decided on a 3 to 2 vote.

added “(7) The Federal Trade Commission and the Department of Justice shall make the joint annual report pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (15 U.S.C. 18(a) et seq.) available to the Senate Committee on the Judiciary and the House Committee on the Judiciary and shall, for fiscal years 2022 through 2027, no later than July 1, present a summary of the joint annual report for the preceding fiscal year, including the information required in paragraph (5) and (6) of this Act, to the Senate Committee on the Judiciary and the House Committee on the Judiciary.

added “(8) None of the funds collected by the Federal Trade Commission from premerger notification filing fees under 15 U.S.C. 18(a) and allocated by the Federal Trade Commission shall be available for obligation or expenditure by the Federal Trade Commission and the Department of Justice in excess of the amounts appropriated by Congress for spending authority from offsetting collections, including premerger notification filings under the Hart-Scott Rodino Antitrust Improvements Act of 1976.”