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FTC RIN: 3084-AB46 Publication ID: Fall 2023 
Title: Premerger Notification Rules and Report Form 

The Premerger Notification Rules (HSR Rules or Rules) and the Antitrust Improvements Act Notification and Report Form (HSR Form) were adopted pursuant to section 7(A) of the Clayton Act. Section 7(A) requires firms of a certain size contemplating mergers, acquisitions, or other transactions of a specified size to file notification with the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) and to wait a designated period of time before consummating the transaction. It also requires the FTC, with the concurrence of the U.S. Assistant Attorney General for the Antitrust Division, to promulgate rules requiring that notification be in a form and contain information necessary to enable the FTC and DOJ to determine whether the proposed transaction may, if consummated, violate antitrust laws. These rules are continually reviewed in order to improve the program's effectiveness and reduce the paperwork burden on the business community.

Pursuant to the 2000 Amendments to section 7(A) of the Clayton Act, codified at 15 U.S.C. 18(a), the filing thresholds are revised annually based on the change in gross national product. The threshold reporting figure of the size-of-the-transaction test under section 7(A)(a)(2)(B)(I) is now $111.4 million, which was effective on February 27, 2023. 88 FR 5004 (Jan. 26, 2023).

The Commission has issued a proposed rulemaking on substantive HSR form changes, including implementing Congressionally-mandated reporting requirements on foreign subsidies. 88 FR 42178 (June 29, 2023). The extended public comment period closed on September 27, 2023. 88 FR 54256 (Aug. 10, 2023). Staff is reviewing the public comments.

Separately, by February 2024, staff anticipates that the Commission will issue a final rule to transition the HSR Form and Instructions to the new cloud-based, fully functional e-filing system.



Agency: Federal Trade Commission(FTC)  Priority: Section 3(f)(1) Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 16 CFR 801 to 803   
Legal Authority: 15 U.S.C. 18(a), Clayton Act   
Legal Deadline:  None
Action Date FR Cite
Final Rule (HSR Form Update)  07/12/2017  82 FR 32123   
Final Rule (HSR Form Instructions Update)  07/16/2018  83 FR32768   
Final Rule (HSR Form Instructions Update) Effective  08/15/2018 
Final Rule (HSR Form Instructions Update)  06/27/2019  84 FR 30595   
Final Rule (HSR Form Instructions Update) Effective  09/25/2019 
NPRM (Foreign Issuer)  10/31/2019  84 FR 58348   
NPRM (Foreign Issuer) Comment Period End  12/30/2019 
NPRM (De Minimis and Aggregation) Virtual Question and Answer Session  11/09/2020 
NPRM (De Minimis and Aggregation) Virtual Question and Answer Session  11/10/2020 
ANPRM Virtual Question and Answer Session  11/16/2020 
NPRM (De Minimis and Aggregation)  12/01/2020  85 FR 77053   
ANPRM  12/01/2020  85 FR 77042   
ANPRM Comment Period End  02/01/2021 
NPRM (De Minimis and Aggregation) Comment Period End  02/01/2021 
NPRM (HSR Form Changes)  06/29/2023  88 FR 42178   
NPRM Comment Period Extended  08/10/2023  88 FR 54256   
NPRM (HSR Form Changes) Extended Comment Period End  09/27/2023 
Final Rule (Transition to E-filing System)  02/00/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL:  
RIN Data Printed in the FR: No 
Related RINs: Related to 3084-AB32, Related to 3084-AA91, Related to 3084-AA23 
Agency Contact:
Robert L. Jones
Assistant Director, Premerger Notification Office, Bureau of Competition
Federal Trade Commission
600 Pennsylvania Avenue NW,
Washington, DC 20580
Phone:202 326-2740