Congress passed the Consolidated Appropriations Act of 2023 (the “Act”) on December 22, 2022, and President Biden signed it into law on December 29, 2022. The Act significantly amends.
New legislation lowers HSR filing fees for most transactions valued less than $500 million but increases the fees for transactions valued at or above $500 million, while introducing new requirement to disclose subsidies received from U.S.’s economic and strategic adversaries.
The newly enacted Merger Filing Fee Modernization Act significantly changes filing fees for HSR filings. The changes are expected to take effect in 2023; the exact date.
The Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") requires parties to mergers and acquisitions, and certain other transactions, that exceed statutory.
Key Points - On December 29, 2022, President Biden signed the Fee Modernization Act into law as part of the $1.7 trillion omnibus government spending bill. .