U.S. Senate Passes Bill to Raise Fees on Larger Mergers
The US Senate passed a bill on Tuesday that would increase the fees companies planning the largest mergers pay to government antitrust agencies and give those agencies larger budgets. The bill – co-sponsored by Democrat Amy Klobuchar, the top antitrust senator, and Chuck Grassley, the top Republican on the Senate Judiciary Committee – would reduce fees for small mergers of less than $ 161.5 million. dollars to $ 30,000 instead of $ 45,000. “Now that my bill with Senator Grassley has passed the Senate, the Federal Trade Commission and the Antitrust Division of the Department of Justice are one step closer to providing additional resources to conduct rigorous reviews of large mergers,” Klobuchar said in a statement.