Title 19 › CHAPTER 13 — TRADE AGREEMENTS ACT OF 1979 › SUBCHAPTER III — MISCELLANEOUS PROVISIONS › § 2581
The President can sell import licenses at public auctions and set the rules for those sales. The rules must, as much as possible, keep a few big importers from taking most of the imports and should be fair and efficient. An "import license" means the paperwork used to control quantity limits set or changed after July 26, 1979 under certain trade and emergency laws. That includes parts of the Trade Act of 1974, the International Emergency Economic Powers Act, some Harmonized Tariff Schedule rules (but not the Agriculture Adjustment Act section 22 limits), the Trading With the Enemy Act, part of the Agricultural Act of 1956 (except for meat), and laws made to carry out international trade agreements (but not for cheese or dairy).
Full Legal Text
Customs Duties, Source: USLM XML via OLRC
Legislative History
Reference
Citation
19 U.S.C. § 2581
Title 19, Customs Duties
Last Updated
Sep 23, 2026
Release point: 119-110