diff --git a/docs/api/steam.util.rst b/docs/api/steam.util.rst
index 3e24e1f..46e73b2 100644
--- a/docs/api/steam.util.rst
+++ b/docs/api/steam.util.rst
@@ -6,8 +6,16 @@ util
     :undoc-members:
     :show-inheritance:
 
+util.throttle
+-------------
+
+.. automodule:: steam.util.throttle
+    :members:
+    :undoc-members:
+    :show-inheritance:
+
 util.web
------------
+--------
 
 .. automodule:: steam.util.web
     :members:
diff --git a/steam/util/throttle.py b/steam/util/throttle.py
new file mode 100644
index 0000000..b11e8c5
--- /dev/null
+++ b/steam/util/throttle.py
@@ -0,0 +1,63 @@
+import sys
+import time
+import gevent
+
+if sys.version_info >= (3,3):
+    _monotonic = time.monotonic
+else:
+    _monotonic = time.time  # not really monotonic vOv
+
+
+class ConstantRateLimit(object):
+    def __init__(self, times, seconds, exit_wait=False, use_gevent=False):
+        """Context manager for enforcing constant rate on code inside the block .
+
+        `rate = seconds / times`
+
+        :param times: times to execute per...
+        :type times: :class:`int`
+        :param seconds: ...seconds
+        :type seconds: :class:`int`
+        :param exit_wait: whether to automatically call :meth:`wait` before exiting the block
+        :type exit_wait: :class:`bool`
+        :param use_gevent: whether to use `gevent.sleep()` instead of `time.sleep()`
+        :type use_gevent: :class:`bool`
+
+        Example:
+
+        .. code:: python
+
+            with RateLimiter(1, 5) as r:
+                # code taking 1s
+                r.wait()  # blocks for 4s
+                # code taking 7s
+                r.wait()  # doesn't block
+                # code taking 1s
+                r.wait()  # blocks for 4s
+        """
+        self.__dict__.update(locals())
+        self.rate = float(seconds) / times
+
+    def __enter__(self):
+        self._update_ref()
+        return self
+
+    def __exit__(self, etype, evalue, traceback):
+        if self.exit_wait:
+            self.wait()
+
+    def _update_ref(self):
+        self._ref = _monotonic() + self.rate
+
+    def wait(self):
+        """Blocks until the rate is met"""
+        now = _monotonic()
+        if now < self._ref:
+            delay = max(0, self._ref - now)
+            if self.use_gevent:
+                gevent.sleep(delay)
+            else:
+                time.sleep(delay)
+        self._update_ref()
+
+