summary
Introduced
06/11/2021
06/11/2021
In Committee
06/24/2021
06/24/2021
Crossed Over
10/11/2022
10/11/2022
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
AN ACT To protect competition and promote antitrust enforcement by adjusting premerger filing fees to increase antitrust enforcement resources.
AI Summary
This bill, the Merger Filing Fee Modernization Act of 2022, aims to protect competition and promote antitrust enforcement by adjusting premerger filing fees to increase antitrust enforcement resources. The key provisions include: 1) Modifying premerger notification filing fees to create a tiered system based on the size of the transaction, with fees ranging from $30,000 to $2,250,000; 2) Requiring the Federal Trade Commission (FTC) and Department of Justice (DOJ) to report annually on the revenue and costs of the premerger notification program; 3) Requiring parties to disclose any subsidies received from foreign entities of concern, such as China, as part of the premerger notification process; and 4) Allowing state attorneys general to bring antitrust cases in federal court.
Committee Categories
Business and Industry, Justice
Sponsors (40)
Joe Neguse (D)*,
Mark Amodei (R),
Kelly Armstrong (R),
Cindy Axne (D),
Lauren Boebert (R),
Ken Buck (R),
André Carson (D),
David Cawthorn (R),
David Cicilline (D),
Peter DeFazio (D),
Mark DeSaulnier (D),
Theodore Deutch (D),
Byron Donalds (R),
Adriano Espaillat (D),
Sylvia Garcia (D),
Chuy García (D),
Lance Gooden (R),
Ashley Hinson (R),
Pramila Jayapal (D),
Hakeem Jeffries (D),
Hank Johnson (D),
Mondaire Jones (D),
Ro Khanna (D),
Barbara Lee (D),
Andy Levin (D),
Zoe Lofgren (D),
Lucy McBath (D),
Gregory Meeks (D),
Jerry Nadler (D),
Chellie Pingree (D),
Katie Porter (D),
Jamie Raskin (D),
Deborah Ross (D),
Chip Roy (R),
Mary Gay Scanlon (D),
Brad Sherman (D),
Victoria Spartz (R),
Eric Swalwell (D),
Rashida Tlaib (D),
Lori Trahan (D),
Last Action
Received in the Senate. (on 10/11/2022)
Official Document
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