Search Results for keywords:"interlocking directorates"

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Search Results: keywords:"interlocking directorates"

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  • 2025-01513 — Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
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    Type:Notice
    Citation:90 FR 7697
    Reading Time:less than a minute

    The Federal Trade Commission (FTC) is updating the thresholds related to interlocking directorates as required by a 1990 amendment to section 8 of the Clayton Act. This section generally prevents a person from serving as a director or officer for two competing companies if certain financial thresholds are met. For 2025, the new thresholds are $51,380,000 for larger companies and $5,138,000 for smaller ones, reflecting changes in the gross national product. These thresholds will apply immediately.

    Simple Explanation

    The Federal Trade Commission is updating the money limits to decide if a person can be a boss in two companies that compete with each other, making sure it's fair. In 2025, the big company limit is $51,380,000, and the small one is $5,138,000, changing because the country's money got bigger.

  • 2024-28248 — Commission Information Collection Activities (FERC-519, FERC-520, FERC-546, and FERC-580) Comment Request; Extension
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    Type:Notice
    Citation:89 FR 95765
    Reading Time:about 12 minutes

    The Federal Energy Regulatory Commission (FERC) issued a notice requesting public comments on its information collection activities related to several forms and applications, including FERC-519, FERC-520, FERC-546, and FERC-580. These collections involve applications for utility mergers, holding interlocking positions, gas pipeline rate filings, and fuel and energy purchase practices. The purpose of these collections is to ensure compliance with the Federal Power Act and monitor activities within the natural gas and electric utility industries. Comments on these information collection activities are due by February 3, 2025.

    Simple Explanation

    The Federal Energy Regulatory Commission wants people to share their thoughts on some forms and rules they use to check on how power and gas companies follow the law. They want to make sure these companies are doing things right, and they'd like to hear ideas from everyone by February 3, 2025, about how to make this process better.

  • 2021-01172 — Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
    💰
    Type:Notice
    Citation:86 FR 6330
    Reading Time:less than a minute

    The Federal Trade Commission (FTC) has updated the financial thresholds that determine when a person is prohibited from being a director or officer of two competing companies, which is governed by Section 8 of the Clayton Act. As of January 21, 2021, competing companies are covered by these rules if each has combined capital, surplus, and undivided profits over $10,000,000, unless the competitive sales of either company are less than $1,000,000. The new threshold amounts are $37,382,000 for one type of evaluation and $3,738,200 for another. These changes reflect adjustments that happen every year based on the gross national product.

    Simple Explanation

    The FTC made new rules about how big companies can be before one person can't be a boss at two competing companies at the same time, and it's like saying if a company has more than a big number of dollars, special rules apply. They change these numbers every year to keep up with the country's money changes.