04-1689. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act  

  • Start Preamble Start Printed Page 3920

    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 $20,090,000 for section 8(a)(1), and $2,009,000 for section 8 (a)(2)(A).

    EFFECTIVE DATE:

    January 27, 2004.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

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

    Start Authority

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

    End Authority Start Signature

    By direction of the Commission.

    Donald S. Clark,

    Secretary.

    End Signature End Further Info End Preamble

    [FR Doc. 04-1689 Filed 1-26-04; 8:45 am]

    BILLING CODE 6750-01-M

Document Information

Effective Date:
1/27/2004
Published:
01/27/2004
Department:
Federal Trade Commission
Entry Type:
Notice
Action:
Notice.
Document Number:
04-1689
Dates:
January 27, 2004.
Pages:
3920-3920 (1 pages)
PDF File:
04-1689.pdf