Notice2024-00929
Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
Primary source
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Published
January 22, 2024
Issuing agencies
Federal Trade Commission
Abstract
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act.
Full Text
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<title>Federal Register, Volume 89 Issue 14 (Monday, January 22, 2024)</title>
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[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Page 3926]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-00929]
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FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for Section 8 of the Clayton
Act
AGENCY: Federal Trade Commission.
ACTION: Annual notice of revision.
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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.
FOR FURTHER INFORMATION CONTACT: Christopher M. Grengs (202-326-2612),
Bureau of Competition, Office of Policy and Coordination.
SUPPLEMENTARY 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).
April J. Tabor,
Secretary.
[FR Doc. 2024-00929 Filed 1-19-24; 8:45 am]
BILLING CODE 6750-01-P
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