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Merger Filing Fee Modernization Act of 2022

3/8/2023, 8:12 PM

Summary of Bill HR 3843

Bill 117 HR 3843, also known as the Merger Filing Fee Modernization Act of 2022, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to update and modernize the filing fees required for mergers and acquisitions of companies.

Currently, the filing fees for mergers and acquisitions are based on a tiered system that has not been updated in many years. This bill aims to adjust these fees to better reflect the current market conditions and the size of the companies involved in the transactions.

The Merger Filing Fee Modernization Act of 2022 proposes to increase the filing fees for larger mergers and acquisitions, while reducing fees for smaller transactions. This is intended to make the fees more equitable and ensure that companies of all sizes are paying their fair share. Additionally, the bill includes provisions to streamline the filing process and improve transparency in the merger review process. This is aimed at making it easier for companies to navigate the regulatory requirements and ensure that mergers and acquisitions are conducted in a fair and competitive manner. Overall, the Merger Filing Fee Modernization Act of 2022 is a bipartisan effort to update and modernize the filing fees for mergers and acquisitions in order to promote fairness and transparency in the marketplace.

Congressional Summary of HR 3843

Merger Filing Fee Modernization Act of 2022

This bill modifies and expands the schedule for graduated merger filing fees and requires that such fees be adjusted each year based on the Consumer Price Index. It also (1) requires parties to disclose in their premerger notification filings any subsidy received from a foreign entity of concern, (2) modifies the venue rules for multi-district antitrust litigation, and (3) establishes various reporting requirements.

Current Status of Bill HR 3843

Bill HR 3843 is currently in the status of Introduced to Senate since October 11, 2022. Bill HR 3843 was introduced during Congress 117 and was introduced to the House on June 11, 2021.  Bill HR 3843's most recent activity was Received in the Senate. as of October 11, 2022

Bipartisan Support of Bill HR 3843

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
78
Democrat Cosponsors
58
Republican Cosponsors
20
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3843

Primary Policy Focus

Commerce

Potential Impact Areas

- Competition and antitrust
- Corporate finance and management
- Department of Justice
- Executive agency funding and structure
- Federal Trade Commission (FTC)
- Inflation and prices
- User charges and fees

Alternate Title(s) of Bill HR 3843

Merger Filing Fee Modernization Act of 2022
Merger Filing Fee Modernization Act of 2022
To protect competition and promote antitrust enforcement by adjusting premerger filing fees to increase antitrust enforcement resources.
To promote antitrust enforcement and protect competition through adjusting premerger filing fees, and increasing antitrust enforcement resources.
Merger Filing Fee Modernization Act of 2022
Merger Filing Fee Modernization Act of 2021

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