116 S1937 IS: Merger Filing Fee Modernization Act of 2019 U.S. Senate 2019-06-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II116th CONGRESS1st SessionS. 1937IN THE SENATE OF THE UNITED STATESJune 20, 2019Ms. Klobuchar (for herself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on the JudiciaryA BILLTo promote merger enforcement and protect competition through adjusting premerger filing fees, and increasing antitrust enforcement resources.

1.

Short title

This Act may be cited as the Merger Filing Fee Modernization Act of 2019.

2.

Premerger notification filing fees

Section 605 of Public Law 101–162 (15 U.S.C. 18a note) is amended— (1)in subsection (b)— (A)in paragraph (1)— (i)by striking $45,000 and inserting $30,000; (ii)by striking $100,000,000 and inserting $161,500,000; (iii)by striking 2004 and inserting 2020; and (iv)by striking 2003 and inserting 2019; (B)in paragraph (2)— (i)by striking $125,000 and inserting $100,000; (ii)by striking $100,000,000 and inserting $161,500,000; (iii)by striking but less and inserting but is less; and (iv)by striking and at the end; (C)in paragraph (3)— (i)by striking $280,000 and inserting $250,000; and (ii)by striking the period at the end and inserting but is less than $1,000,000,000 (as so adjusted and published);; and (D)by adding at the end the following: (4)$400,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $1,000,000,000 (as so adjusted and published) but is less than $2,000,000,000 (as so adjusted and published); (5)$800,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $2,000,000,000 (as so adjusted and published) but is less than $5,000,000,000 (as so adjusted and published); and (6)$2,250,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $5,000,000,000 (as so adjusted and published).; and (2)by adding at the end the following: (c)(1)For each fiscal year commencing after September 30, 2020, the filing fees in this section shall be increased as of October 1 each year by an amount equal to the percentage increase, if any, in the Producer Price Index, as determined by the Department of Commerce or its successor, for the year then ended over the level so established for the year ending September 30, 2019. (2)As soon as practicable, but not later than January 31 of each year, the Federal Trade Commission shall publish the adjusted amounts required by this section. (3)The Federal Trade Commission shall not adjust amounts required by this section if the percentage increase described in paragraph (1) is less than 1 percent. (4)An amount adjusted under this section shall be rounded to the nearest multiple of $5,000..

3.

Authorization of appropriations

There is authorized to be appropriated for fiscal year 2020— (1)$180,606,000 for the Antitrust Division of the Department of Justice; and (2)$342,000,000 for the Federal Trade Commission.