15 U.S.C. § 8 — Trusts 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
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.
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.)
- 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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