81 FR 4300 - Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

FEDERAL TRADE COMMISSION

Federal Register Volume 81, Issue 16 (January 26, 2016)

Page Range4300-4300
FR Document2016-01452

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 $31,841,000 for Section 8(a)(1), and $3,184,100 for Section 8(a)(2)(A).

Federal Register, Volume 81 Issue 16 (Tuesday, January 26, 2016)
[Federal Register Volume 81, Number 16 (Tuesday, January 26, 2016)]
[Notices]
[Page 4300]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01452]


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FEDERAL TRADE COMMISSION


Revised Jurisdictional Thresholds for Section 8 of the Clayton 
Act

AGENCY: Federal Trade Commission.

ACTION: Notice.

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SUMMARY: 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 $31,841,000 for Section 8(a)(1), and $3,184,100 for 
Section 8(a)(2)(A).

DATES: Effective Date: January 26, 2016.

FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of 
Competition, Office of Policy and Coordination, (202) 326-2879.

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

Donald S. Clark,
Secretary.
[FR Doc. 2016-01452 Filed 1-25-16; 8:45 am]
BILLING CODE 6750-01-P


Current View
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesEffective Date: January 26, 2016.
ContactJames F. Mongoven, Bureau of Competition, Office of Policy and Coordination, (202) 326-2879.
FR Citation81 FR 4300 

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