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15 U.S.C. § 66 — Short title

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 66 — Short title

Page 100 TITLE 15—COMMERCE AND TRADE § 66 associations, corporations, partnerships, and in- dividuals. Any association which shall fail so to do shall not have the benefit of the provisions of sections 62 and 63 of this title, and it shall also forfeit to the United States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States brought in the district where the association has its principal office, or in any dis- trict in which it shall do business. It shall be the duty of the various United States attorneys, under the direction of the Attorney General of the United States, to prosecute for the recovery of the forfeiture. The costs and expenses of such prosecution shall be paid out of the appropria- tion for the expenses of the courts of the United States. Whenever the Federal Trade Commission shall have reason to believe that an association or any agreement made or act done by such asso- ciation is in restraint of trade within the United States or in restraint of the export trade of any domestic competitor of such association, or that an association either in the United States or elsewhere has entered into any agreement, un- derstanding, or conspiracy, or done any act which artificially or intentionally enhances or depresses prices within the United States of commodities of the class exported by such asso- ciation, or which substantially lessens competi- tion within the United States or otherwise re- strains trade therein, it shall summon such as- sociation, its officers, and agents to appear be- fore it, and thereafter conduct an investigation into the alleged violations of law.

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Stable record: federal_law:legal_authorities:usc2024-4d38bf6674e1a43b8fe42810
Source file: Laws/federal/codes/united-states-code-2024/title-15/section-66-short-title--30aac9c5f4.md
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Source location: USCODE-2024-title15-chap2-subchapII-sec66.pdf

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Page 100 TITLE 15—COMMERCE AND TRADE § 66 associations, corporations, partnerships, and in- dividuals. Any association which shall fail so to do shall not have the benefit of the provisions of sections 62 and 63 of this title, and it shall also forfeit to the United States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States brought in the district where the association has its principal office, or in any dis- trict in which it shall do business. It shall be the duty of the various United States attorneys, under the direction of the Attorney General of the United States, to prosecute for the recovery of the forfeiture. The costs and expenses of such prosecution shall be paid out of the appropria- tion for the expenses of the courts of the United States. Whenever the Federal Trade Commission shall have reason to believe that an association or any agreement made or act done by such asso- ciation is in restraint of trade within the United States or in restraint of the export trade of any domestic competitor of such association, or that an association either in the United States or elsewhere has entered into any agreement, un- derstanding, or conspiracy, or done any act which artificially or intentionally enhances or depresses prices within the United States of commodities of the class exported by such asso- ciation, or which substantially lessens competi- tion within the United States or otherwise re- strains trade therein, it shall summon such as- sociation, its officers, and agents to appear be- fore it, and thereafter conduct an investigation into the alleged violations of law. Upon inves- tigation, if it shall conclude that the law has been violated, it may make to such association recommendations for the readjustment of its business, in order that it may thereafter main- tain its organization and management and con- duct its business in accordance with law. If such association fails to comply with the rec- ommendations of the Federal Trade Commis- sion, said Commission shall refer its findings and recommendations to the Attorney General of the United States for such action thereon as he may deem proper. For the purpose of enforcing these provisions the Federal Trade Commission shall have all the powers, so far as applicable, given it in the Fed- eral Trade Commission Act [15 U.S.C. 41 et seq.]. (Apr. 10, 1918, ch. 50, § 5, 40 Stat. 517; June 25, 1948, ch. 646, § 1, 62 Stat. 909.) Editorial Notes REFERENCES IN TEXT The Federal Trade Commission Act, referred to in text, is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of this chapter. For complete classification of this Act to the Code, see section 58 of this title and Tables. CODIFICATION ‘‘Federal Trade Commission Act [15 U.S.C. 41 et seq.]’’ substituted in text for ‘‘An Act to create a Federal Trade Commission, to define its powers and duties, and for other purposes,’’ on authority of section 18 of that Act [15 U.S.C. 58]. Statutory Notes and Related Subsidiaries CHANGE OF NAME Act June 25, 1948, eff. Sept. 1, 1948, substituted ‘‘United States attorneys’’ for ‘‘district attorneys’’. See section 541 of Title 28, Judiciary and Judicial Proce- dure. Executive Documents TRANSFER OF FUNCTIONS For transfer of functions of Federal Trade Commis- sion, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 8 of 1950, § 1, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1264, set out under section 41 of this title. § 66. Short title This subchapter may be cited as the ‘‘Webb- Pomerene Act’’. (Apr. 10, 1918, ch. 50, § 6, as added Pub. L. 94–435, title III, § 305(c), Sept. 30, 1976, 90 Stat. 1397.) SUBCHAPTER III—LABELING OF WOOL PRODUCTS § 68. Definitions As used in this subchapter— (a) The term ‘‘person’’ means an individual, partnership, corporation, association, or any other form of business enterprise, plural or sin- gular, as the case demands. (b) The term ‘‘wool’’ means the fiber from the fleece of the sheep or lamb or hair of the Angora or Cashmere goat (and may include the so-called specialty fibers from the hair of the camel, al- paca, llama, and vicuna) which has never been reclaimed from any woven or felted wool prod- uct. (c) The term ‘‘recycled wool’’ means (1) the re- sulting fiber when wool has been woven or felted into a wool product which, without ever having been utilized in any way by the ultimate con- sumer, subsequently has been made into a fi- brous state, or (2) the resulting fiber when wool or reprocessed wool has been spun, woven, knit- ted, or felted into a wool product which, after having been used in any way by the ultimate consumer, subsequently has been made into a fi- brous state. (d) The term ‘‘wool product’’ means any prod- uct, or any portion of a product, which contains, purports to contain, or in any way is rep- resented as containing wool or recycled wool. (e) The term ‘‘Commission’’ means the Federal Trade Commission. (f) The term ‘‘Federal Trade Commission Act’’ means the Act of Congress entitled ‘‘An Act to create a Federal Trade Commission, to define its powers and duties, and for other purposes’’, ap- proved September 26, 1914, as amended, and the Federal Trade Commission Act approved March 21, 1938. (g) The term ‘‘commerce’’ means commerce among the several States or with foreign na- tions, or in any Territory of the United States or in the District of Columbia, or between any such Territory and another, or between any such Territory and any State or foreign nation, or be- tween the District of Columbia and any State or Territory or foreign nation.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 41 — Federal Trade Commission established; membership; vacancies; seal

A commission is created and established, to be known as the Federal Trade Commission (hereinafter referred to as the Commission), which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the Commissioners shall be members of the same political party. The first Commissioners appointed shall continue in office for terms of three, four, five, six, and seven years, respectively, from September 26, 1914, the term of each to be designated by the President, but their successors shall be appointed for terms of seven years, except that any person chosen to fill a vacancy shall be appointed only for the unexpired term of the Commissioner whom he shall succeed: Provided, however, That upon the expiration of his term of office a Commissioner shall continue to serve until his successor shall have been appointed and shall have qualified..11 So in original. The President shall choose a chairman from the Commission’s membership. No Commissioner shall engage in any other business, vocation, or employment. Any Commissioner may be removed by the President for inefficiency, neglect of duty, or malfeasance in office. A vacancy in the Commission shall not impair the right of the remaining Commissioners to exercise all the powers of the Commission.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 41 — Federal Trade Commission established;

Page 48 TITLE 15—COMMERCE AND TRADE § 41 1 So in original. Sec. 74. Rules and regulations. 75. Retaliation against country prohibiting im- portations. 76. Retaliation against restriction of importa- tions in time of war. 77. Discrimination against neutral Americans in time of war. SUBCHAPTER I—FEDERAL TRADE COMMISSION § 41. Federal Trade Commission established; membership; vacancies; seal A commission is created and established, to be known as the Federal Trade Commission (here- inafter referred to as the Commission), which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the Commissioners shall be mem- bers of the same political party. The first Com- missioners appointed shall continue in office for terms of three, four, five, six, and seven years, respectively, from September 26, 1914, the term of each to be designated by the President, but their successors shall be appointed for terms of seven years, except that any person chosen to fill a vacancy shall be appointed only for the un- expired term of the Commissioner whom he shall succeed: Provided, however, That upon the expiration of his term of office a Commissioner shall continue to serve until his successor shall have been appointed and shall have qualified..1 The President shall choose a chairman from the Commission’s membership. No Commissioner shall engage in any other business, vocation, or employment. Any Commissioner may be re- moved by the President for inefficiency, neglect of duty, or malfeasance in office. A vacancy in the Commission shall not impair the right of the remaining Commissioners to exercise all the powers of the Commission. The Commission shall have a

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 58 — Short title

This subchapter may be cited as the “Federal Trade Commission Act”.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 58 — Short title

Page 98 TITLE 15—COMMERCE AND TRADE § 57c–2 Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Section repealed effective Sept. 30, 2027, see section 13 of Pub. L. 109–455, as amended, set out as a Termination Date of 2006 Amendment note under section 44 of this title. § 57c–2. Reimbursement of expenses The Commission may accept payment or reim- bursement, in cash or in kind, from a domestic or foreign law enforcement agency, or payment or reimbursement made on behalf of such agen- cy, for expenses incurred by the Commission, its members, or employees in carrying out any ac- tivity pursuant to a statute administered by the Commission without regard to any other provi- sion of law. Any such payments or reimburse- ments shall be considered a reimbursement to the appropriated funds of the Commission. (Sept. 26, 1914, ch. 311, § 26, as added Pub. L. 109–455, § 11(2), Dec. 22, 2006, 120 Stat. 3381.) REPEAL OF SECTION For repeal of section by section 13 of Pub. L. 109–455, see Effective Date of Repeal note below. Editorial Notes PRIOR PROVISIONS A prior section 26 of act Sept. 26, 1914, was renum- bered section 28 and is classified to section 58 of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Section repealed effective Sept. 30, 2027, see section 13 of Pub. L. 109–455, as amended, set out as a Termination Date of 2006 Amendment note under section 44 of this title. § 58. Short title This subchapter may be cited as the ‘‘Federal Trade Commission Act’’. (Sept. 26, 1914, ch. 311, § 28, formerly § 18, as added Mar. 21, 1938, ch. 49, § 4, 52 Stat. 114; renumbered § 21, Pub. L. 93–637, title II, § 202(a), Jan. 4, 1975, 88 Stat. 2193; renumbered § 25, Pub. L. 96–252, § 13, May 28, 1980, 94 Stat. 380; ren

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 66 — Short title

This subchapter may be cited as the “Webb-Pomerene Act”.

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