A bill to revise section 801 of the Revenue Act, 1916, to increase the penalty for violation thereof.

Summary

Forbids any person importing articles from foreign countries to knowingly sell such articles at prices substantially less than their actual market value or wholesale price, at the time of importation, in the principal markets of the producing country or other foreign countries, after adding to the wholesale price or market value costs of importation, if such sale would injure industry or labor in the United States or would prevent the establishment of an industry in the United States or would restrain United States commerce. Increases the fine for violation of this provision to $50,000. Broadens subpena powers of courts hearing proceedings under this Act. Considers this Act part of the United States antitrust laws. (Amends 15 U.S.C. 72)

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1 official file

• Introduced in Senate

  summary · EN · 14 March 1973

  Open at official source

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