On June 27, the Federal Trade Commission issued a press release announcing proposed changes to reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR). The proposed changes will substantially increase the information that must be gathered and reported in connection with an HSR filing. These changes, if adopted, would multiply the time and expense of preparing even simple HSR filings. The changes would require expansion of reporting about the parties and the proposed transaction, narrative responses to preemptively address potential competition concerns, labor market information, expansion of reporting concerning previous transactions, and reporting of certain foreign information. This list is not exhaustive. Once the proposed changes are published in the Federal Register, the public will have 60 days to comment. If you or your organization wishes to leave a comment on the proposed changes, please visit https://www.regulations.gov/. Read our full client alert.
FTC Proposes Sweeping Changes to HSR Reporting Requirements
