A PYMNTS Company

US: DOJ Antitrust Division seek additional funds for more attorneys in 2017 Budget

 |  February 24, 2016

In early February, the DOJ Antitrust Division and the FTC each announced their proposed budget requests for the federal government’s 2017 fiscal year The Antitrust Division and the FTC are each seeking an increase of approximately 10% in funding for 2017, which is a significant increase from last year.

If approved, the Antitrust Division budget request would increase to approximately $180 million, while the FTC’s funding would increase to approximately $340 million. Notably, in addition to these requested amounts, the Antitrust Division and the FTC also share the premerger filing fees collected under the Hart-Scott-Rodino Act, which are projected to add approximately $125 million to each of their overall budgets next year.

Notably, as explained in the DOJ budget request, the Antitrust Division has plans to hire almost 100 additional attorneys (increasing the size of the division from 380 attorneys to 478 attorneys) in the coming year.

Full content: Lexology

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.