99-516. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

[Federal Register Volume 64, Number 6 (Monday, January 11, 1999)]
[Notices]
[Page 1628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-516]


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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 $15,308,000 for section 8(a)(1), and $1,530,800 for 
section 8(a)(2)(A).

EFFECTIVE DATE: January 11, 1999.

FOR FURTHER INFORMATION CONTACT: James Mongoven, Bureau of Competition, 
Office of Policy and Evaluation, [phone] or Gabriel Dagen, 
Bureau of Competition, Accounting office, [phone].

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

    By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 99-516 Filed 1-8-99; 8:45 am]
BILLING CODE 6750-01-M