2020-00784. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act  

  • Start Preamble

    AGENCY:

    Federal Trade Commission.

    ACTION:

    Notice.

    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 $38,204,000 for Section 8(a)(1), and $3,820,400 for Section 8(a)(2)(A).

    DATES:

    January 21, 2020.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    James F. Mongoven (202-326-2879), Bureau of Competition, Office of Policy and Coordination.

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

    Start Signature

    April J. Tabor,

    Acting Secretary.

    End Signature End Further Info End Preamble

    [FR Doc. 2020-00784 Filed 1-17-20; 8:45 am]

    BILLING CODE 6750-01-P

Document Information

Published:
01/21/2020
Department:
Federal Trade Commission
Entry Type:
Notice
Action:
Notice.
Document Number:
2020-00784
Dates:
January 21, 2020.
Pages:
3381-3381 (1 pages)
PDF File:
2020-00784.pdf