Title 19 › Chapter 13— TRADE AGREEMENTS ACT OF 1979 › Subchapter III— MISCELLANEOUS PROVISIONS › § 2581
The President may sell import licenses at public auction and set the auction rules. The rules should, when possible, stop a few big importers from taking most of the allowed imports. An "import license" means any document used to enforce a limit put in place or changed after July 26, 1979 under certain laws: sections 125, 203, 301, or 406 of the Trade Act of 1974; the International Emergency Economic Powers Act; notes of the Harmonized Tariff Schedule (but not section 22 of the Agricultural Adjustment Act of 1934); the Trading With the Enemy Act; section 204 of the Agricultural Act of 1956 except for meat; or any law made to carry out an international agreement the United States joined, including commodity agreements but not cheese or dairy agreements.
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Customs Duties — Source: USLM XML via OLRC
Legislative History
Reference
Citation
19 U.S.C. § 2581
Title 19 — Customs Duties
Last Updated
Apr 5, 2026
Release point: 119-73not60