U.S. Code » Title 19 » Chapter CHAPTER 12— TRADE ACT OF 1974 › Subchapter SUBCHAPTER VI— GENERAL PROVISIONS

19 U.S.C. § 2485

Voluntary limitations on exports of steel to United States

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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.(Pub. L. 93–618, title VI, § 607, Jan. 3, 1975, 88 Stat. 2073.)Editorial NotesReferences 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.

Notes of Decisions
Cited in 1 case, 1987–1987 · leading case: Springfield Indus. Corp. v. United States, 663 F. Supp. 128 (Ct. Intl. Trade 1987).
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Springfield Indus. Corp. v. United States, 663 F. Supp. 128 (Ct. Intl. Trade 1987). “It is also noteworthy that in Section 607 of the Trade Act of 1974, 19 U.S.C. § 2485 , in a provision safeguarding the use of voluntary limitations on exports of steel to the United States from attack under the antitrust laws, Congress found it necessary to mention both “steel”…”
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