E7-821. 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 $24,001,000 for Section 8(a)(1), and $2,400,100 for Section 8(a)(2)(A).

    DATES:

    Effective Date: January 22, 2007.

    Start Further Info

    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)).

    Start Signature

    By direction of the Commission.

    Donald S. Clark,

    Secretary.

    End Signature End Further Info End Preamble

    [FR Doc. E7-821 Filed 1-19-07; 8:45 am]

    BILLING CODE 6750-01-P

Document Information

Published:
01/22/2007
Department:
Federal Trade Commission
Entry Type:
Notice
Action:
Notice.
Document Number:
E7-821
Pages:
2693-2693 (1 pages)
PDF File:
e7-821.pdf