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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 [www.gpo.gov]
[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 ([email protected], 
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:

------------------------------------------------------------------------
                                       Original          2025 Adjusted
        Subsection of 7A            jurisdictional      jurisdictional
                                       threshold           threshold
------------------------------------------------------------------------
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.
------------------------------------------------------------------------

    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.
------------------------------------------------------------------------

(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:

----------------------------------------------------------------------------------------------------------------
                                                                                               2025 Adjusted
         Original filing fee             Original applicable size of      2025 Adjusted     applicable size of
                                                transaction *               filing fee         transaction *
----------------------------------------------------------------------------------------------------------------
$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.
----------------------------------------------------------------------------------------------------------------
* 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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