# § 2581. Auction of import licenses
**(a)** **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.
**(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),
**1** the Trading With the Enemy Act (50 U.S.C. App. 1–44),[^1]
See References in Text note below.
**(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.
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**Source Credit**: (Pub. L. 96–39, title XI, § 1102, July 26, 1979, 93 Stat. 307; Pub. L. 100–418, title I, § 1214(k), Aug. 23, 1988, 102 Stat. 1158.)
## Editorial Notes
### References in Text
The 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.
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 .
The 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
1988—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
Amendment 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
> “Except as otherwise provided in this title, this title [enacting this subchapter, amending the Tariff Schedules of the United States and sections 1315, 1337, 2112, 2119, 2131, 2155, 2192, 2253, 2432, 2434, 2435, 2462, 2463, 2464, 2481, and 2486 of this title,
>
> , Government Organization and Employees, and
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> , Census, enacting provisions set out as notes under sections 2111, 2112, and 2464 of this title and 301 of Title 13, and amending a provision set out as a note under
>
> ] shall take effect on the date of enactment of this Act [
>
> ].”
, , , provided that: