§2485 — Title 19 Customs Duties | U.S. Code

Summary

People are not responsible for money damages, fines, or other penalties under the Federal Trade Commission Act, the Antitrust Acts, or similar state laws if they negotiated, agreed to, joined, or carried out a voluntary deal to limit exports of steel and steel products to the United States, including any change or renewal of that deal. That protection applies only if the deal or its change was begun prior to January 3, 1975 at the request of the Secretary of State or the Secretary's delegate, and if the deal stopped being effective not later than January 1, 1975.

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.

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.

§2485 Voluntary Limitations on Exports of Steel to United States

Summary

Title 19, §2485

Notes & Related Subsidiaries

Editorial Notes

References in Text

Citations & Metadata