87 FR 15 pgs. 3540-3541 - Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

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Type: NOTICEVolume: 87Number: 15Pages: 3540 - 3541

FR document: [FR Doc. 2022-01215 Filed 1-21-22; 8:45 am]

Agency: Federal Trade Commission

Official PDF Version: PDF Version

Pages: 3540, 3541

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FEDERAL TRADE COMMISSION

Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

AGENCY:

Federal Trade Commission.

ACTION:

Notice.

SUMMARY:

[top] The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if

two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $41,034,000 for Section 8(a)(1), and $4,103,400 for Section 8(a)(2)(A).

DATES:

January 24, 2022.

FOR FURTHER INFORMATION CONTACT:

Christopher M. Grengs, (202-326-2612), Bureau of Competition, Office of Policy and Coordination.

Authority: 15 U.S.C. 19(a)(5).

April J. Tabor,

Secretary.

[FR Doc. 2022-01215 Filed 1-21-22; 8:45 am]

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