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Start Preamble
AGENCY:
Federal Trade Commission.
ACTION:
Annual notice of revision.
SUMMARY:
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act.
DATES:
January 22, 2024.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Christopher M. Grengs (202–326–2612), Bureau of Competition, Office of Policy and Coordination.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
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).
Start SignatureApril J. Tabor,
Secretary.
[FR Doc. 2024–00929 Filed 1–19–24; 8:45 am]
BILLING CODE 6750–01–P
Document Information
- Published:
- 01/22/2024
- Department:
- Federal Trade Commission
- Entry Type:
- Notice
- Action:
- Annual notice of revision.
- Document Number:
- 2024-00929
- Dates:
- January 22, 2024.
- Pages:
- 3926-3926 (1 pages)
- PDF File:
- 2024-00929.pdf