Document
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act.
Federal Trade Commission.
Annual notice of revision.
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act.
January 22, 2024.
Christopher M. Grengs (202-326-2612), Bureau of Competition, Office of Policy and Coordination.
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
Legal Citation
Use this for formal legal and research references to the published document.
89 FR 3926
Web Citation
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“Revised Jurisdictional Thresholds for Section 8 of the Clayton Act,” thefederalregister.org (January 22, 2024), https://thefederalregister.org/documents/2024-00929/revised-jurisdictional-thresholds-for-section-8-of-the-clayton-act.