Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

Federal Register, Volume 82 Issue 16 (Thursday, January 26, 2017)

Federal Register Volume 82, Number 16 (Thursday, January 26, 2017)

Notices

Page 8524

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2017-01802

=======================================================================

-----------------------------------------------------------------------

FEDERAL TRADE COMMISSION

Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

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 $32,914,000 for Section 8(a)(1), and $3,291,400 for Section 8(a)(2)(A).

DATES: Effective Date: January 26, 2017.

FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of Competition, Office of Policy and Coordination, (202) 326-2879.

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

Donald S. Clark,

Secretary.

FR Doc. 2017-01802 Filed 1-25-17; 8:45 am

BILLING CODE 6750-01-P