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15 U.S.C. § 8Trusts in restraint of import trade illegal; penalty

submitted 132 years ago by ch. 349 to r/title-15-COMMERCE-AND-TRADE · 214 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law bans deals between importers that block fair trade or raise prices. Anyone who imports goods and breaks this rule commits a crime. Courts can fine violators $100 to $5,000 and jail them for three to twelve months.

This section makes certain deals about importing goods illegal. Any combination, conspiracy, trust, agreement, or contract is illegal and void when two or more people or companies make it. At least one of them must be acting as an importer, either as the main party or as an agent, bringing goods into the United States from another country. The deal must be intended to restrain lawful trade or free competition, or to raise the market price of an imported article, or the price of anything made from it, anywhere in the U.S. Anyone who imports goods in violation of this section, or who agrees with someone else to violate it, commits a misdemeanor. A court that convicts that person must fine them between $100 and $5,000. The court also has discretion to imprison them for a term of three to twelve months.
the actual law source: uscode.house.gov ↗public domain

Every combination, conspiracy, trust, agreement, or contract is declared to be contrary to public policy, illegal, and void when the same is made by or between two or more persons or corporations, either of whom, as agent or principal, is engaged in importing any article from any foreign country into the United States, and when such combination, conspiracy, trust, agreement, or contract is intended to operate in restraint of lawful trade, or free competition in lawful trade or commerce, or to increase the market price in any part of the United States of any article or articles imported or intended to be imported into the United States, or of any manufacture into which such imported article enters or is intended to enter. Every person who shall be engaged in the importation of goods or any commodity from any foreign country in violation of this section, or who shall combine or conspire with another to violate the same, is guilty of a misdemeanor, and on conviction thereof in any court of the United States such person shall be fined in a sum not less than $100 and not exceeding $5,000, and shall be further punished by imprisonment, in the discretion of the court, for a term not less than three months nor exceeding twelve months.

Source credit: (Aug. 27, 1894, ch. 349, § 73, 28 Stat. 570; Feb. 12, 1913, ch. 40, 37 Stat. 667.)

history & why it existsrecord from the source credit
  • 1894Enacted · Act of Aug. 27, 1894, ch. 349 · 28 Stat. 570
  • 1913Amended · Act of Feb. 12, 1913, ch. 40 · 37 Stat. 667

A history note hasn’t been published yet. The record shows enactment by ch. 349 on 1894-08-27.

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