7 U.S.C. § 672 — Agreements; licenses, regulations, pro-

Page 515 TITLE 7—AGRICULTURE §§ 701 to 723 (c) Approval of award No award or agreement resulting from any such arbitration or mediation shall be effective unless and until approved by the Secretary of Agriculture, or such officer or employee of the Department of Agriculture as may be designated by him, and shall not be approved if it permits any unlawful trade practice or any unfair meth- od of competition. (d) Exemption from antitrust laws No meeting so held and no award or agreement so approved shall be deemed to be in violation of any of the antitrust laws of the United States. (June 3, 1937, ch. 296, § 3, 50 Stat. 248.) Editorial Notes REFERENCES IN TEXT The Agricultural Adjustment Act, referred to in sub- sec. (a), is title I of act May 12, 1933, ch. 25, 48 Stat. 31, as amended, which is classified generally to chapter 26 (§ 601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 601 of this title and Tables. § 672. Agreements; licenses, regulations, pro- grams, etc., unaffected (a) Nothing in this Act shall be construed as invalidating any marketing agreement, license, or order, or any regulation relating to, or any provision of, or any act of the Secretary of Agri- culture in connection with, any such agreement, license, or order which has been executed, issued, approved, or done under the Agricultural Adjustment Act [7 U.S.C. 601 et seq.], or any amendment thereof, but such marketing agree- ments, licenses, orders, regulations, provisions, and acts are expressly ratified, legalized, and confirmed. (b) Any program in effect under the Agricul- tural Adjustment Act [7 U.S.C. 601 et seq.], as re- enacted and amended by this Act, on January 1, 1950, shall continue in effect without the neces- sity for any amendatory action relative to such program, but any such program shall be contin- ued in operation by the Secretary of Agriculture only to establish and maintain such orderly marketing conditions as will tend to effectuate the declared purpose set out in section 2 or 8c(18) of the Agricultural Adjustment Act [7 U.S.C. 602 or 608c(18)], as reenacted and amended by this Act. (June 3, 1937, ch. 296, § 4, 50 Stat. 249; July 3, 1948, ch. 827, title III, § 302(e), 62 Stat. 1258.) Editorial Notes REFERENCES IN TEXT This Act, referred to in text, is act June 3, 1937, ch. 296, 50 Stat. 246, known as the Agricultural Marketing Agreement Act of 1937. For complete classification of this Act to the Code, see Tables. The Agricultural Adjustment Act, referred to in text, is title I of act May 12, 1933, ch. 25, 48 Stat. 31, which is classified generally to chapter 26 (§ 601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 601 of this title and Tables. AMENDMENTS 1948—Act July 3, 1948, designated existing provisions as subsec. (a) and added subsec. (b). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1948 AMENDMENT Amendment by act July 3, 1948, effective Jan. 1, 1950, see section 303 of act July 3, 1948, set out as a note under section 1301 of this title. § 673. Taxes under Agricultural Adjustment Act; laws unaffected No processing taxes or compensating taxes shall be levied or collected under the Agricul- tural Adjustment Act [7 U.S.C. 601 et seq.], as amended. Except as provided in the preceding sentence, nothing in this Act shall be construed as affecting provisions of the Agricultural Ad- justment Act, as amended, other than those enu- merated in section 1 of Act of June 3, 1937, ch. 296, 50 Stat. 246. The provisions so enumerated shall apply in accordance with their terms (as amended by this Act) to the provisions of the Agricultural Adjustment Act, this Act, and other provisions of law to which they have been heretofore made applicable. (June 3, 1937, ch. 296, § 5, 50 Stat. 249.) Editorial Notes REFERENCES IN TEXT The Agricultural Adjustment Act, referred to in text, is title I of act May 12, 1933, ch. 25, 48 Stat. 31, which is classified generally to chapter 26 (§ 601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 601 of this title and Tables. This Act, referred to in text, is act June 3, 1937, ch. 296, 50 Stat. 246, known as the Agricultural Marketing Agreement Act of 1937. For complete classification of this Act to the Code, see Tables. Section 1 of act June 3, 1937, ch. 296, 50 Stat. 246, re- ferred to in text, amended sections 601, 602, 608a, 608b, 608c, 608d, 608e, 610, 612, 614, and 624 of this title. § 674. Short title This Act may be cited as the ‘‘Agricultural Marketing Agreement Act of 1937’’. (June 3, 1937, ch. 296, § 6, 50 Stat. 249.) Editorial Notes REFERENCES IN TEXT This Act, referred to in text, is act June 3, 1937, ch. 296, 50 Stat. 246, which among other things enacted this chapter. For complete classification of this Act to the Code, see Tables. CHAPTER 27—COTTON MARKETING §§ 701 to 723. Repealed. Feb. 10, 1936, ch. 42, 49 Stat. 1106 Sections, acts Apr. 21, 1934, ch. 157, §§ 1–2, 48 Stat. 598–606; Aug. 9, 1935, ch. 504, 49 Stat. 570; Aug. 24, 1935, ch. 641, §§ 39(a)–(e), 40–42, 49 Stat. 777, 778, related to placing of cotton industry on a sound commercial basis, to preventing unfair competition and practices in putting cotton into channels of interstate and foreign commerce and to providing funds for paying additional benefits under the Agricultural Adjustment Act. Statutory Notes and Related Subsidiaries COLLECTION OF UNPAID TAXES Act Mar. 2, 1936, ch. 112, 49 Stat. 1155, amending act Feb. 10, 1936, ch. 42, 49 Stat. 1106, which repealed sec-