§62 — Title 15 Commerce and Trade | U.S. Code

Summary

Says a group formed only to sell goods abroad, and its deals or actions that only involve exporting, are not treated as illegal under the Sherman Act if they do not stop or limit trade inside the United States or block a U.S. competitor’s exports. The group must not, anywhere, agree or act to fake or force U.S. prices up or down for the goods they export, or do things that greatly reduce competition or otherwise limit trade in the United States.

Title 15, §62

Commerce and Trade — Source: USLM XML via OLRC

Nothing contained in the Sherman Act [15 U.S.C. 1 et seq.] shall be construed as declaring to be illegal an association entered into for the sole purpose of engaging in export trade and actually engaged solely in such export trade, or an agreement made or act done in the course of export trade by such association, provided such association, agreement, or act is not in restraint of trade within the United States, and is not in restraint of the export trade of any domestic competitor of such association: Provided, That such association does not, either in the United States or elsewhere, enter into any agreement, understanding, or conspiracy, or do any act which artificially or intentionally enhances or depresses prices within the United States of commodities of the class exported by such association, or which substantially lessens competition within the United States or otherwise restrains trade therein.

Notes & Related Subsidiaries

Editorial Notes

Codification “Sherman Act [15 U.S.C. 1 et seq.]” substituted in text for “Act entitled ‘An Act to protect trade and commerce against unlawful restraints and monopolies,’ approved July second, eighteen hundred and ninety” on authority of the enacting clause of that Act set out as a

Short Title

note under section 1 of this title.

§62 Export trade and antitrust legislation

Summary

Title 15, §62

Notes & Related Subsidiaries

Editorial Notes

Short Title

Citations & Metadata