House Passes Bill for Boosting Merger Filing Fees
The House voted 242-184 Thursday to pass the Merger Filing Fee Modernization Act (HR-3843) (see 2209260060). It initially passed by voice vote, but House Judiciary Committee ranking member Jim Jordan, R-Ohio, called for an official count. The bill raises fees…
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for larger transactions and lowers the fee for small and medium deals, ensuring the FTC and DOJ receive fair compensation for their merger reviews, said House Judiciary Committee Chairman Jerry Nadler, D-N.Y., on the floor Thursday. Jordan said the estimated $140 million annually for each agency will result in more unnecessary government bureaucracy and politically driven harassment. Public Knowledge welcomed the vote. “For many years, antitrust enforcers feared that Congress would cut their funding if they did too much to protect consumers and promote a healthy marketplace,” said Competition Policy Director Charlotte Slaiman. “Now Congress speaks clearly on antitrust: The strategy of underenforcement is over.”