A bill to amend the Federal Trade Commission Act to provide that exclusive territorial arrangements used in the distribution or sale of a trademarked soft drink product or a trademarked private label food product shall not be deemed unlawful per se.

States that nothing contained in the Federal Trade Commission Act or in any of the Antitrust Acts shall render unlawful on a per se basis the inclusion and enforcement in any trademark licensing agreement, pursuant to which the licensee engages in the manufacture, distribution, and sale of a trademarked soft drink product, or the distribution or sale of a trademarked private label food product, of provisions granting the licensee the sole and exclusive right to manufacture, distribute and sell such product in a defined geographic area or limiting the licensee, directly or indirectly, to the manufacture, distribution, and sale of such product only for ultimate resale to consumers within a defined geographic area.

Requires the Commission to submit a report not later than January 1, 1978, with respect to the effect of exclusive territorial and customer arrangements. States that the provisions of this Act will take effect six months after the submission of such report.

Defines "trademarked private label food product" for purposes of this Act.