This week, the Federal Trade Commission announced its 2020
adjustments to the Hart-Scott-Rodino ("HSR") Act
thresholds. These thresholds determine which mergers and
acquisitions must be reported to the federal government before
consummation. The new thresholds take effect on February 27, and
will remain in effect through early 2021.
Earlier this month, the FTC increased the maximum civil penalty
amounts for HSR Act violations to $43,280 per day. The agency also
announced revisions to the jurisdictional thresholds for the
prohibition on interlocking directorates under Section 8 of the
Clayton Act.
The revised HSR Act and Section 8 thresholds are described
further below.
Adjusted HSR Jurisdictional Thresholds
