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US S228

US S228
Merger Filing Fee Modernization Act of 2021


summary

Introduced
02/04/2021
In Committee
05/13/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To promote antitrust enforcement and protect competition through adjusting premerger filing fees, and increasing antitrust enforcement resources.

AI Summary

This bill, the Merger Filing Fee Modernization Act of 2021, aims to promote antitrust enforcement and protect competition by adjusting premerger filing fees and increasing antitrust enforcement resources. The key provisions include: (1) adjusting the filing fees for mergers and acquisitions based on the total transaction value, with higher fees for larger transactions; (2) automatically increasing the filing fees each year based on the Consumer Price Index; and (3) authorizing $252 million in appropriations for the Antitrust Division of the Department of Justice and $418 million for the Federal Trade Commission for fiscal year 2022 to enhance antitrust enforcement efforts.

Committee Categories

Justice

Sponsors (3)

Last Action

Committee on the Judiciary. Ordered to be reported without amendment favorably. (on 05/13/2021)

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