Webb-Pomerance Act
Summary of Webb-Pomerance Act
An act of 1918 authorizing exemptions from the Sherman Act (read this and related legal terms for further details) to certain combinations of firms for the purpose of promoting exports. The combinations formed under the authority of the Webb-Pomerance Act may not engage in acts that would reduce competition in the United States but may fix prices and terms on export sales to enhance competitiveness through reductions of export costs and the achievement of favorable terms derived from combining the economic strengths of the participant firms.
(Main Author: William J. Miller)
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