In general
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.
“Import license” defined
Pub. L. 96–39, title XI, § 110293 Stat. 307Pub. L. 100–418, title I, § 1214(k)102 Stat. 1158(, , ; , , .)
Editorial Notes
References in Text
Pub. L. 95–223, title II91 Stat. 1626section 1701 of Title 50The International Emergency Economic Powers Act, referred to in subsec. (b)(2), is , , , 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 and Tables.
section 1202 of this titleThe 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 .
act Oct. 6, 1917, ch. 10640 Stat. 411The Trading With the Enemy Act, referred to in subsec. (b)(4), is , , which was classified generally to sections 1 to 6, 7 to 39 and 41 to 44 of the former Appendix to Title 50, War and National Defense, prior to editorial reclassification and renumbering as chapter 53 (§ 4301 et seq.) of Title 50. For complete classification of this Act to the Code, see Tables.
Amendments
Pub. L. 100–4181988—Subsec. (b)(3). substituted “notes of the Harmonized Tariff Schedule of the United States” for “headnotes of the Tariff Schedules of the United States”.
Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment
Pub. L. 100–418section 1217(b)(1) of Pub. L. 100–418section 3001 of this titleAmendment by effective , and applicable with respect to articles entered on or after such date, see , set out as an Effective Date note under .
Effective Date
Pub. L. 96–39, title XI, § 111493 Stat. 317