15 CFR §325.13
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
If the Secretary denies, in whole or in part, an application for a certificate or for an amendment to a certificate, or revokes or amends a certificate, neither the negative determination nor the statement of reasons therefor shall be admissible in evidence in any administrative or judicial proceeding in support of any claim under the antitrust laws.