Title 19 — Customs DutiesRelease 119-73
§2485 Voluntary limitations on exports of steel to United States
Title 19 › Chapter CHAPTER 12— - TRADE ACT OF 1974 › Subchapter SUBCHAPTER VI— - GENERAL PROVISIONS › § 2485
Summary
People cannot be sued under federal antitrust or FTC laws, or similar state laws, for making or following voluntary agreements to limit steel exports to the United States. That protection only applies if the agreement was made before January 3, 1975 at the Secretary of State's request (or someone he chose) and if it stops being effective by January 1, 1975.
Full Legal Text
Title 19, §2485
Customs Duties — Source: USLM XML via OLRC
No person shall be liable for damages, penalties, or other sanctions under the Federal Trade Commission Act [15 U.S.C. 41 et seq.] or the Antitrust Acts (as defined in section 4 of the Federal Trade Commission Act [15 U.S.C. 44]), or under any similar State law, on account of his negotiating, entering into, participating in, or implementing an arrangement providing for the voluntary limitation on exports of steel and steel products to the United States, or any modification or renewal of such an arrangement, if such arrangement or such modification or renewal—
(1)was undertaken prior to January 3, 1975, at the request of the Secretary of State or his delegate, and
(2)ceases to be effective not later than January 1, 1975.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Federal Trade Commission Act, referred to in text, is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of chapter 2 of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 58 of Title 15 and Tables.
Reference
Citations & Metadata
Citation
19 U.S.C. § 2485
Title 19 — Customs Duties
Last Updated
Apr 6, 2026
Release point: 119-73