Notwithstanding any other provision of law, the President may sell import licenses at public auction under such terms and conditions as he deems appropriate. Regulations prescribed under this subsection shall, to the extent practicable and consistent with efficient and fair administration, insure against inequitable sharing of imports by a relatively small number of the larger importers.
(b) “Import license” defined
For purposes of this section, the term “import license” means any documentation used to administer a quantitative restriction imposed or modified after July 26, 1979 under—
(1)section 125, 203, 301, or 406 of the Trade Act of 1974 (19 U.S.C. 2135, 2253, 2411, or 2436),
(2)the International Emergency Economic Powers Act (50 U.S.C. 1701–1706),
(3)authority under the notes of the Harmonized Tariff Schedule of the United States, but not including any quantitative restriction imposed under section 22 of the Agricultural Adjustment Act of 1934 (7 U.S.C. 624),
(4)the Trading With the Enemy Act (50 App. U.S.C. 1–44),
(5)section 204 of the Agricultural Act of 1956 (7 U.S.C. 1854) other than for meat or meat products, or
(6)any Act enacted explicitly for the purpose of implementing an international agreement to which the United States is a party, including such agreements relating to commodities, but not including any agreement relating to cheese or dairy products.
The International Emergency Economic Powers Act, referred to in subsec. (b)(2), is Pub. L. 95–223, title II, Dec. 28, 1977, 91 Stat. 1626, which is classified generally to chapter 35 (§ 1701 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Short Title note set out under section
1701 of Title
50 and Tables.
The Harmonized Tariff Schedule of the United States, referred to in subsec. (b)(3), is not set out in the Code. See Publication of Harmonized Tariff Schedule note set out under section
1202 of this title.
The Trading With the Enemy Act, referred to in subsec. (b)(4), is act Oct. 6, 1917, ch. 106, 40 Stat. 411, as amended, which is classified to sections
44 of Title
50, Appendix, War and National Defense. For complete classification of this Act to the Code, see Tables.
1988—Subsec. (b)(3). Pub. L. 100–418substituted “notes of the Harmonized Tariff Schedule of the United States” for “headnotes of the Tariff Schedules of the United States”.
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–418effective Jan. 1, 1989, and applicable with respect to articles entered on or after such date, see section 1217(b)(1) ofPub. L. 100–418, set out as an Effective Date note under section
3001 of this title.
Pub. L. 96–39, title XI, § 1114,July 26, 1979, 93 Stat. 317, provided that: “Except as otherwise provided in this title, this title [enacting this subchapter, amending the Tariff Schedules of the United States and sections
2486 of this title, section
5315 of Title
5, Government Organization and Employees, and section
301 of Title
13, Census, enacting provisions set out as notes under sections
2464 of this title and 301 of Title 13, and amending a provision set out as a note under section
2101 of this title] shall take effect on the date of enactment of this Act [July 26, 1979].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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