PRIA, Government Policy, Made Personal

Summary

Makes it illegal for two or more people or companies that import goods from other countries to make any agreement or plan that limits fair trade, cuts competition, or raises prices of imported items or products those items go into. Those agreements are void and have no legal effect. Anyone who imports goods in that way, or who joins with others to do it, commits a misdemeanor. On conviction a court must fine them between $100 and $5,000 and may send them to jail for 3 to 12 months.

Title 15, §8

Commerce and Trade, Source: USLM XML via OLRC

Every combination, conspiracy, trust, agreement, or contract is declared to be contrary to public policy, illegal, and void when the same is made by or between two or more persons or corporations, either of whom, as agent or principal, is engaged in importing any article from any foreign country into the United States, and when such combination, conspiracy, trust, agreement, or contract is intended to operate in restraint of lawful trade, or free competition in lawful trade or commerce, or to increase the market price in any part of the United States of any article or articles imported or intended to be imported into the United States, or of any manufacture into which such imported article enters or is intended to enter. Every person who shall be engaged in the importation of goods or any commodity from any foreign country in violation of this section, or who shall combine or conspire with another to violate the same, is guilty of a misdemeanor, and on conviction thereof in any court of the United States such person shall be fined in a sum not less than $100 and not exceeding $5,000, and shall be further punished by imprisonment, in the discretion of the court, for a term not less than three months nor exceeding twelve months.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1913—Act Feb. 12, 1913, inserted “as agent or principal”.

Statutory Notes and Related Subsidiaries

Short Title

section 77, formerly § 78, of act Aug. 27, 1894, as added by Pub. L. 94–435, title III, § 305(d), Sept. 30, 1976, 90 Stat. 1397; renumbered § 77 and amended Pub. L. 107–273, div. C, title IV, § 14102(c)(1)(B), Nov. 2, 2002, 116 Stat. 1921, provided that: “section 73, 74, 75, and 76 of this Act [enacting sections 8 to 11 of this title] may be cited as the ‘Wilson Tariff Act’.”

§8 Trusts in Restraint of Import Trade Illegal; Penalty