An Act to Amend the Provisions of the Anti-Trust Act Approved July Two, Nineteen Hundred and One, and to Provide for the Enforcement of the Anti-Trust Laws, and for Other Purposes - Section 7: Acquisition of Stock or Assets; Interlocking Directorates

What An Act to Amend the Provisions of the Anti-Trust Act Approved July Two, Nineteen Hundred and One, and to Provide for the Enforcement of the Anti-Trust Laws, and for Other Purposes - Section 7: Acquisition of Stock or Assets; Interlocking Directorates requires

Prohibits mergers and acquisitions where the effect may be substantially to lessen competition or tend to create a monopoly, as defined under Section 7 of the Clayton Act (15 U.S.C. § 18). Applies to any person, corporation, or entity engaged in commerce that proposes an acquisition meeting the size-of-person and size-of-transaction thresholds under the Hart-Scott-Rodino Act.

Pillar: Competition & Antitrust · Authority: United States Congress · Version: 1.0.1 · Last updated: 2026-04-30

Primary source: https://www.law.cornell.edu/uscode/text/15/18

SHA-256 integrity: b9137c4133f98b5d735be9b5e729794fd703657713492cd6b1b30d08e4ad4200

Primary Citations — 5 traced to source

• Clayton Act, Section 7 - 15 U.S.C. § 18: 'No person engaged in commerce... shall acquire... the whole or any part of the stock... of another corporation... where in any line of commerce in any section of the country, the effect of such acquisition may be substantially to lessen competition...'
• Clayton Act, Section 8 - 15 U.S.C. § 19: 'No person shall, at the same time, be a director... in any two... corporations... engaged in whole or in part in commerce... if either... has capital, surplus, and undivided profits aggregating more than $42,116,000...'

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