98-1648. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

[Federal Register Volume 63, Number 15 (Friday, January 23, 1998)]
[Notices]
[Page 3576]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1648]


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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 1900 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 $14,730,000 for section 8(a)(1), and $1,473,000 for 
section 8(a)(2)(A).

EFFECTIVE DATE: January 23, 1998.

FOR FURTHER INFORMATION CONTACT:
James Mongoven, Bureau of Competition, Office of Policy and Evaluation, 
[phone].

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

    By direction of the Commission, Commissioner Azcuenaga not 
participating.
Donald S. Clark,
Secretary.
[FR Doc. 98-1648 Filed 1-22-98; 8:45 am]
BILLING CODE 6750-01-M