[Federal Register Volume 60, Number 11 (Wednesday, January 18, 1995)]
[Notices]
[Pages 3644-3645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1154]



=======================================================================
-----------------------------------------------------------------------

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 [[Page 3645]] 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 $12,804,000 for section 8(a)(1), and $1,280,400 
for section 8(a)(2)(A).

EFFECTIVE DATE: January 18, 1995.

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

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

    By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 95-1154 Filed 1-17-95; 8:45 am]
BILLING CODE 6750-01-M