Title 19, Customs DutiesRelease 119-102
§2485 Voluntary Limitations on Exports of Steel to United States
Title 19 › CHAPTER 12 — TRADE ACT OF 1974 › SUBCHAPTER VI — GENERAL PROVISIONS › § 2485
Summary
No one is liable under federal or state antitrust laws for taking part in a voluntary limit on steel exports to the U.S., including changes, if the plan was requested by the Secretary of State or a delegate before January 3, 1975 and ended 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
Aug 21, 2026
Release point: 119-102