StacksVerified U.S. regulatory reference

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.