Today, the Federal Trade Commission (“FTC”) published revised thresholds for the Hart-Scott-Rodino (“HSR”) Act, which will take effect on March 4, 2021. Earlier, the FTC also announced new thresholds for Section 8 of the Clayton Act, which governs interlocking directorates. Each of these thresholds is lower for 2021, than for 2020. This is only the second time the HSR Act thresholds, which—like the Section 8 thresholds—are indexed to gross national product, have fallen since annual adjustments began in 2005. In contrast, the maximum daily civil penalty for violations of the HSR Act, which is tied to inflation, has increased. HSR Act Thresholds The HSR Act requires parties to certain mergers and acquisitions to notify the FTC and Antitrust division of the
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The US FTC publishes revised thresholds for the Hart-Scott-Rodino as well as for the Section 8 of the Clayton Act
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