
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 47USC314]

 
          TITLE 47--TELEGRAPHS, TELEPHONES, AND RADIOTELEGRAPHS
 
                 CHAPTER 5--WIRE OR RADIO COMMUNICATION
 
          SUBCHAPTER III--SPECIAL PROVISIONS RELATING TO RADIO
 
                       Part I--General Provisions
 
Sec. 314. Competition in commerce; preservation

    After the effective date of this chapter no person engaged directly, 
or indirectly through any person directly or indirectly controlling or 
controlled by, or under direct or indirect common control with, such 
person, or through an agent, or otherwise, in the business of 
transmitting and/or receiving for hire energy, communications, or 
signals by radio in accordance with the terms of the license issued 
under this chapter, shall by purchase, lease, construction, or 
otherwise, directly or indirectly, acquire, own, control, or operate any 
cable or wire telegraph or telephone line or system between any place in 
any State, Territory, or possession of the United States or in the 
District of Columbia, and any place in any foreign country, or shall 
acquire, own, or control any part of the stock or other capital share or 
any interest in the physical property and/or other assets of any such 
cable, wire, telegraph, or telephone line or system, if in either case 
the purpose is and/or the effect thereof may be to substantially lessen 
competition or to restrain commerce between any place in any State, 
Territory, or possession of the United States, or in the District of 
Columbia, and any place in any foreign country, or unlawfully to create 
monopoly in any line of commerce; nor shall any person engaged directly, 
or indirectly through any person directly or indirectly controlling or 
controlled by, or under direct or indirect common control with, such 
person, or through an agent, or otherwise, in the business of 
transmitting and/or receiving for hire messages by any cable, wire, 
telegraph, or telephone line or system (a) between any place in any 
State, Territory, or possession of the United States, or in the District 
of Columbia, and any place in any other State, Territory, or possession 
of the United States; or (b) between any place in any State, Territory, 
or possession of the United States, or the District of Columbia, and any 
place in any foreign country, by purchase, lease, construction, or 
otherwise, directly or indirectly acquire, own, control, or operate any 
station or the apparatus therein, or any system for transmitting and/or 
receiving radio communications or signals between any place in any 
State, Territory, or possession of the United States, or in the District 
of Columbia, and any place in any foreign country, or shall acquire, 
own, or control any part of the stock or other capital share or any 
interest in the physical property and/or other assets of any such radio 
station, apparatus, or system, if in either case the purpose is and/or 
the effect thereof may be to substantially lessen competition or to 
restrain commerce between any place in any State, Territory, or 
possession of the United States, or in the District of Columbia, and any 
place in any foreign country, or unlawfully to create monopoly in any 
line of commerce.

(June 19, 1934, ch. 652, title III, Sec. 314, 48 Stat. 1087.)

                       References in Text

    For effective date of this chapter, see section 607 of this title.
