89 FR 14 pg. 3926 - Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
Type: NOTICEVolume: 89Number: 14Page: 3926
Page: 3926FR document: [FR Doc. 2024-00929 Filed 1-19-24; 8:45 am]
Agency: Federal Trade Commission
Official PDF Version: PDF Version
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FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
AGENCY:
Federal Trade Commission.
ACTION:
Annual notice of revision.
SUMMARY:
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act.
DATES:
January 22, 2024.
FOR FURTHER INFORMATION CONTACT:
Christopher M. Grengs (202-326-2612), Bureau of Competition, Office of Policy and Coordination.
SUPPLEMENTARY INFORMATION:
Section 8 of the Clayton Act 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 $48,559,000 for Section 8(a)(1), and $4,855,900 for Section 8(a)(2)(A).
Authority: 15 U.S.C. 19(a)(5).
April J. Tabor,
Secretary.
[FR Doc. 2024-00929 Filed 1-19-24; 8:45 am]
BILLING CODE 6750-01-P