§1715. Exemptions

The Commission, upon application or on its own motion, may by order or rule exempt for the future any class of agreements between persons subject to this chapter or any specified activity of those persons from any requirement of this chapter if it finds that the exemption will not result in substantial reduction in competition or be detrimental to commerce. The Commission may attach conditions to any exemption and may, by order, revoke any exemption. No order or rule of exemption or revocation of exemption may be issued unless opportunity for hearing has been afforded interested persons and departments and agencies of the United States.

( Pub. L. 98–237, §16, Mar. 20, 1984, 98 Stat. 84 ; Pub. L. 105–258, title I, §114, Oct. 14, 1998, 112 Stat. 1912 .)

Amendments

1998-Pub. L. 105–258 substituted "result in substantial reduction in competition or be detrimental to commerce." for "substantially impair effective regulation by the Commission, be unjustly discriminatory, result in a substantial reduction in competition, or be detrimental to commerce."

Effective Date of 1998 Amendment

Amendment by Pub. L. 105–258 effective May 1, 1999, see section 2 of Pub. L. 105–258, set out as a note under section 1701 of this Appendix.

Section Referred to in Other Sections

This section is referred to in sections 1706, 1709 of this Appendix.