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ARTICLE · 28 JANUARY 2025

FTC Announces 2025 HSR Notification Threshold And Filing Fee Increases

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The Federal Trade Commission (FTC) has announced the annual revisions to the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) thresholds and HSR filing fees, which will become effective on February 21, 2025.

United StatesAntitrust/Competition Law
Daniel Hemli
Daniel Hemli
Jacqueline Java
Jacqueline Java

The Federal Trade Commission (FTC) has announced the annual revisions to the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) thresholds and HSR filing fees, which will become effective on February 21, 2025. The revised thresholds will apply to any merger or acquisition closing on or after the effective date.

The FTC is required to adjust these thresholds annually based on changes in the gross national product and the Consumer Price Index. This year, the HSR "size of transaction" threshold has increased from $119.5 million to $126.4 million.

Under the HSR Act, when a deal satisfies the "size of person" and "size of transaction" thresholds, and no exemption from reporting is available, the deal must be reported to the FTC and the US Department of Justice and the parties must wait for a designated period of time before closing the transaction.

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