After receiving an affirmative finding of the United States International Trade Commission under section
1901(b) of this title with respect to an industry, the President may, in lieu of exercising the authority contained in section
1981(a)(1) of this title but subject to the provisions of sections
1981(a)(2), (3), and (4) of this title, negotiate international agreements with foreign countries limiting the export from such countries and the import into the United States of the article causing or threatening to cause serious injury to such industry, whenever he determines that such action would be more appropriate to prevent or remedy serious injury to such industry than action under section
1981(a)(1) of this title.
(b) Regulations governing entry or withdrawal from warehouse
In order to carry out an agreement concluded under subsection (a) of this section, the President is authorized to issue regulations governing the entry or withdrawal from warehouse of the article covered by such agreement. In addition, in order to carry out a multilateral agreement concluded under subsection (a) of this section among countries accounting for a significant part of world trade in the article covered by such agreement, the President is also authorized to issue regulations governing the entry or withdrawal from warehouse of the like article which is the product of countries not parties to such agreement.
1901 of this title, referred to in subsec. (a), was repealed by Pub. L. 93–618, title VI, § 602(d), (e),Jan. 3, 1975, 88 Stat. 2072. See section
2251 et seq. of this title.
1975—Subsec. (a). Pub. L. 93–618substituted “United States International Trade Commission” for “United States Tariff Commission”.
Delegation of Functions
Functions of President under subsec. (b) of this section, concerning issuance of regulations governing entry, or withdrawal from warehouses for consumption, of articles pursuant to any orderly marketing agreement, delegated to Secretary of the Treasury, see section 5(b) of Ex. Ord. No. 11846, Mar. 27, 1975, 40 F.R. 14291, set out as a note under section
2111 of this title.
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The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Statutes at Large
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