On June 29, 2016, the Federal Trade Commission (FTC) adjusted the maximum civil penalties for violations of 16 provisions, including the premerger filing notification violation provisions under the Hart-Scott-Rodino (HSR) Act. The penalty for failing to file a notice required by the HSR Act will now be $40,000 per day. The increases come pursuant to the Federal Adjustment Improvements Act of 2015, which requires federal agencies to adjust for inflation, and will take effect on August 1, 2016.