HSR Filing Fee Changes Impose New Tax on M&A Activity

January 6, 2023

The recent Consolidated Appropriations Act of 2023 includes significant changes to the filing fees for Hart Scott Rodino Act filings.

The changes essentially impose a new tax on large M&A activity by charging much higher fees for large deals. For example, the fee on deals over $5 billion has increased by 800% from $280,000 to $2.25 million. 

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