Revised HSR Thresholds in Effect on February 23

Adjustments to the reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements (HSR) Act of 1976 are in effect as of February 23, 2022.

As of that date, the new size-of-transaction threshold is $101 million. Any transaction valued at or above $101 million will be reportable if the parties meet the size-of-parties thresholds, which also increased from $18.4 million and $184 million to $20.2 million and $202 million, respectively. Transactions valued above $1.0098 billion will be reportable regardless of the size of the parties. Because the thresholds in 2021 uncharacteristically went down, the 2022 thresholds are closer to the prior 2020 thresholds. In January, the new civil monetary penalty amounts for HSR Act violations increased to a maximum penalty of $46,517 per day.