Rules and Regulations. Annual notice of revision
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/register/2025/01/22/2025-01513A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE P FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 8 of the Clayton Act 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, 2025. FOR FURTHER INFORMATION CONTACT: Christopher M. Grengs (202-326-2612), Bureau of Competition, Office of Policy and Coordination.
SUPPLEMENTARY INFORMATION: 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 $51,380,000 for section 8(a)(1), and $5,138,000 for section 8(a)(2)(A). *Authority:* 15 U.S.C. 19(a)(5). April J. Tabor, Secretary. [FR Doc. 2025-01513 Filed 1-21-25; 8:45 am]
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Annual notice of revision
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