Free Market Antitrust Immunity Reform (FAIR) Act of 2001

Free Market Antitrust Immunity Reform (FAIR) Act of 2001 - Amends the Shipping Act of 1984 (the Act) to restore the applicability of the antitrust laws to certain: (1) agreements entered into only among marine terminal operators with respect to an activity to discuss, fix, or regulate rates or other conditions of service and to engage in exclusive, preferential, or cooperative working arrangements; (2) assessment agreements pertaining to such conditions of service or arrangements; (3) agreements or activities that relate to transportation services within or between foreign countries unless they have a direct, substantial, and reasonably foreseeable effect on U.S. commerce; (4) agreements or activities concerning the foreign inland segment of through transportation that is part of transportation provided in a U.S. import or export trade; (5) agreements or activities to provide or furnish wharfage, dock, warehouse, or other terminal facilities outside the United States; and (6) agreements, modifications, or cancellations approved by the Federal Maritime Commission before the effective date of the Act, or permitted under the Act, and any properly published tariff, rate, fare, or charge, classification, rule, or regulation explanatory thereof implementing that agreement, modification, or cancellation.