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15 U.S.C. § 45 — Unfair methods of competition unlawful;
Federal law — U.S. Code and appendices · legal_authorities
Page 51
TITLE 15—COMMERCE AND TRADE
§ 45
lawful restraints and monopolies’’, approved
July 2, 1890; also sections 73 to 76, inclusive, of
an Act entitled ‘‘An Act to reduce taxation, to
provide revenue for the Government, and for
other purposes’’, approved August 27, 1894; also
the Act entitled ‘‘An Act to amend sections 73
and 76 of the Act of August 27, 1894, entitled ‘An
Act to reduce taxation, to provide revenue for
the Government, and for other purposes’ ’’, ap-
proved February 12, 1913; and also the Act enti-
tled ‘‘An Act to supplement existing laws
against unlawful restraints and monopolies, and
for other purposes’’, approved October 15, 1914.
‘‘Banks’’ means the types of banks and other
financial institutions referred to in section
57a(f)(2) of this title.
‘‘Foreign law enforcement agency’’ means—
(1) any agency or judicial authority of a for-
eign government, including a foreign state, a
political subdivision of a foreign state, or a
multinational organization constituted by and
comprised of foreign states, that is vested
with law enforcement or investigative author-
ity in civil, criminal, or administrative mat-
ters; and
(2) any multinational organization, to the
extent that it is acting on behalf of an entity
described in paragraph (1).
(Sept. 26, 1914, ch. 311, § 4, 38 Stat. 719; Mar. 21,
1938, ch. 49, § 2, 52 Stat. 111; Pub. L. 102–242, title
II, § 212(g)(1), Dec. 19, 1991, 105 Stat. 2302; Pub. L.
107–273, div. C, title IV, § 14102(c)(2)(B), Nov. 2,
2002, 116 Stat. 1921; Pub. L. 109–455, §§ 2, 13, Dec.
22, 2006, 120 Stat. 3372, 3382; Pub. L. 112–203, § 1,
Dec. 4, 2012, 126 Stat. 1484.)
AMENDMENT OF SECTION
For repeal of amendment by section 13 of Pub.
L. 109–455, see Termination Date of 2006 Amend-
ment note below.
Editorial
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Page 51
TITLE 15—COMMERCE AND TRADE
§ 45
lawful restraints and monopolies’’, approved
July 2, 1890; also sections 73 to 76, inclusive, of
an Act entitled ‘‘An Act to reduce taxation, to
provide revenue for the Government, and for
other purposes’’, approved August 27, 1894; also
the Act entitled ‘‘An Act to amend sections 73
and 76 of the Act of August 27, 1894, entitled ‘An
Act to reduce taxation, to provide revenue for
the Government, and for other purposes’ ’’, ap-
proved February 12, 1913; and also the Act enti-
tled ‘‘An Act to supplement existing laws
against unlawful restraints and monopolies, and
for other purposes’’, approved October 15, 1914.
‘‘Banks’’ means the types of banks and other
financial institutions referred to in section
57a(f)(2) of this title.
‘‘Foreign law enforcement agency’’ means—
(1) any agency or judicial authority of a for-
eign government, including a foreign state, a
political subdivision of a foreign state, or a
multinational organization constituted by and
comprised of foreign states, that is vested
with law enforcement or investigative author-
ity in civil, criminal, or administrative mat-
ters; and
(2) any multinational organization, to the
extent that it is acting on behalf of an entity
described in paragraph (1).
(Sept. 26, 1914, ch. 311, § 4, 38 Stat. 719; Mar. 21,
1938, ch. 49, § 2, 52 Stat. 111; Pub. L. 102–242, title
II, § 212(g)(1), Dec. 19, 1991, 105 Stat. 2302; Pub. L.
107–273, div. C, title IV, § 14102(c)(2)(B), Nov. 2,
2002, 116 Stat. 1921; Pub. L. 109–455, §§ 2, 13, Dec.
22, 2006, 120 Stat. 3372, 3382; Pub. L. 112–203, § 1,
Dec. 4, 2012, 126 Stat. 1484.)
AMENDMENT OF SECTION
For repeal of amendment by section 13 of Pub.
L. 109–455, see Termination Date of 2006 Amend-
ment note below.
Editorial Notes
REFERENCES IN TEXT
The Communications Act of 1934, referred to in text,
is act June 19, 1934, ch. 652, 48 Stat. 1064, which is classi-
fied principally to chapter 5 (§ 151 et seq.) of Title 47,
Telecommunications. For complete classification of
this Act to the Code, see section 609 of Title 47 and Ta-
bles.
The Act entitled ‘‘An Act to protect trade and com-
merce against unlawful restraints and monopolies,’’ ap-
proved July 2, 1890, referred to in the text, is known as
the Sherman Act, and is classified to sections 1 to 7 of
this title.
Sections 73 to 76, inclusive, of an Act entitled ‘‘An
Act to reduce taxation, to provide revenue for the Gov-
ernment, and for other purposes’’, approved August 27,
1894, referred to in text, are known as the Wilson Tariff
Act. Sections 73 to 76 are classified to sections 8 to 11
of this title.
Act February 12, 1913, is set out as amendments to
sections 8 and 11 of this title.
The Act entitled ‘‘An Act to supplement existing
laws against unlawful restraints and monopolies, and
for other purposes’’, approved October 15, 1914, referred
to in text, is the Clayton Act. For classification of the
Act to the Code, see References in Text note set out
under section 12 of this title.
CODIFICATION
‘‘Subtitle IV of title 49’’ substituted in text for ‘‘the
Act entitled ‘An Act to regulate commerce’, approved
February 14, 1887, and all Acts amendatory thereof and
supplementary thereto’’ on authority of Pub. L. 95–473,
§ 3(b), Oct. 17, 1978, 92 Stat. 1466, the first section of
which enacted subtitle IV of Title 49, Transportation.
AMENDMENTS
2012—Pub. L. 112–203, § 1, amended Pub. L. 109–455, § 13.
See 2006 Amendment note below.
2006—Pub. L. 109–455, § 2, which added par. defining
‘‘Foreign law enforcement agency’’, was repealed by
Pub. L. 109–455, § 13, as amended by Pub. L. 112–203, § 1.
See Termination Date of 2006 Amendment note below.
2002—Pub. L. 107–273 substituted ‘‘73 to 76’’ for ‘‘73 to
77’’ in par. defining ‘‘Antitrust Acts’’.
1991—Pub. L. 102–242 added par. defining ‘‘Banks’’.
1938—Act Mar. 21, 1938, amended section generally.
Statutory Notes and Related Subsidiaries
TERMINATION DATE OF 2006 AMENDMENT
Pub. L. 109–455, § 13, Dec. 22, 2006, 120 Stat. 3382, as
amended by Pub. L. 112–203, § 1, Dec. 4, 2012, 126 Stat.
1484; Pub. L. 116–173, § 1, Oct. 20, 2020, 134 Stat. 837, pro-
vided that: ‘‘Effective September 30, 2027, this Act [en-
acting sections 57b–2a, 57b–2b, 57c–1, and 57c–2 of this
title, amending this section, sections 45, 46, 56, 57b–2,
and 58 of this title, and section 3412 of Title 12, Banks
and Banking, and enacting provisions set out as notes
under this section and section 58 of this title], and the
amendments made by this Act, are repealed, and any
provision of law amended by this Act shall be amended
to read as if this Act had not been enacted into law.’’
[Pub. L. 116–173, § 1, which delayed the repeal of Pub.
L. 109–455, and reversion of any amended text, by sub-
stituting ‘‘September 30, 2027’’ for ‘‘September 30, 2020’’
in section 13 of Pub. L. 109–455, set out above, was given
effect to reflect the probable intent of Congress, not-
withstanding that Pub. L. 116–173 was enacted on Oct.
20, 2020.]
EFFECTIVE DATE OF 2002 AMENDMENT
Amendment by Pub. L. 107–273 effective Nov. 2, 2002,
and applicable only with respect to cases commenced
on or after Nov. 2, 2002, see section 14103 of Pub. L.
107–273, set out as a note under section 3 of this title.
PRESERVATION OF EXISTING AUTHORITY
Pub. L. 109–455, § 12, Dec. 22, 2006, 120 Stat. 3382, pro-
vided that: ‘‘The authority provided by this Act [see
Termination Date of 2006 Amendment note above], and
by the Federal Trade Commission Act (15 U.S.C. 41 et
seq.) and the Right to Financial Privacy Act [of 1978]
(12 U.S.C. 3401 et seq.), as such Acts are amended by
this Act, is in addition to, and not in lieu of, any other
authority vested in the Federal Trade Commission or
any other officer of the United States.’’
[Section 12 of Pub. L. 109–455, set out above, 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 above.]
§ 45. Unfair methods of competition unlawful;
prevention by Commission
(a) Declaration of unlawfulness; power to pro-
hibit unfair practices; inapplicability to for-
eign trade
(1) Unfair methods of competition in or affect-
ing commerce, and unfair or deceptive acts or
practices in or affecting commerce, are hereby
declared unlawful.
(2) The Commission is hereby empowered and
directed to prevent persons, partnerships, or
corporations, except banks, savings and loan in-
stitutions described in section 57a(f)(3) of this
title, Federal credit unions described in section
57a(f)(4) of this title, common carriers subject to
the Acts to regulate commerce, air carriers and
Page 52
TITLE 15—COMMERCE AND TRADE
§ 45
1 So in original. Probably should be ‘‘clause’’.
foreign air carriers subject to part A of subtitle
VII of title 49, and persons, partnerships, or cor-
porations insofar as they are subject to the
Packers and Stockyards Act, 1921, as amended [7
U.S.C. 181 et seq.], except as provided in section
406(b) of said Act [7 U.S.C. 227(b)], from using un-
fair methods of competition in or affecting com-
merce and unfair or deceptive acts or practices
in or affecting commerce.
(3) This subsection shall not apply to unfair
methods of competition involving commerce
with foreign nations (other than import com-
merce) unless—
(A) such methods of competition have a di-
rect, substantial, and reasonably foreseeable
effect—
(i) on commerce which is not commerce
with foreign nations, or on import commerce
with foreign nations; or
(ii) on export commerce with foreign na-
tions, of a person engaged in such commerce
in the United States; and
(B) such effect gives rise to a claim under
the provisions of this subsection, other than
this paragraph.
If this subsection applies to such methods of
competition only because of the operation of
subparagraph (A)(ii), this subsection shall apply
to such conduct only for injury to export busi-
ness in the United States.
(4)(A) For purposes of subsection (a), the term
‘‘unfair or deceptive acts or practices’’ includes
such acts or practices involving foreign com-
merce that—
(i) cause or are likely to cause reasonably
foreseeable injury within the United States; or
(ii) involve material conduct occurring with-
in the United States.
(B) All remedies available to the Commission
with respect to unfair and deceptive acts or
practices shall be available for acts and prac-
tices described in this paragraph, including res-
titution to domestic or foreign victims.
(b) Proceeding by Commission; modifying and
setting aside orders
Whenever the Commission shall have reason
to believe that any such person, partnership, or
corporation has been or is using any unfair
method of competition or unfair or deceptive act
or practice in or affecting commerce, and if it
shall appear to the Commission that a pro-
ceeding by it in respect thereof would be to the
interest of the public, it shall issue and serve
upon such person, partnership, or corporation a
complaint stating its charges in that respect
and containing a notice of a hearing upon a day
and at a place therein fixed at least thirty days
after the service of said complaint. The person,
partnership, or corporation so complained of
shall have the right to appear at the place and
time so fixed and show cause why an order
should not be entered by the Commission requir-
ing such person, partnership, or corporation to
cease and desist from the violation of the law so
charged in said complaint. Any person, partner-
ship, or corporation may make application, and
upon good cause shown may be allowed by the
Commission to intervene and appear in said pro-
ceeding by counsel or in person. The testimony
in any such proceeding shall be reduced to writ-
ing and filed in the office of the Commission. If
upon such hearing the Commission shall be of
the opinion that the method of competition or
the act or practice in question is prohibited by
this subchapter, it shall make a report in writ-
ing in which it shall state its findings as to the
facts and shall issue and cause to be served on
such person, partnership, or corporation an
order requiring such person, partnership, or cor-
poration to cease and desist from using such
method of competition or such act or practice.
Until the expiration of the time allowed for fil-
ing a petition for review, if no such petition has
been duly filed within such time, or, if a petition
for review has been filed within such time then
until the record in the proceeding has been filed
in a court of appeals of the United States, as
hereinafter provided, the Commission may at
any time, upon such notice and in such manner
as it shall deem proper, modify or set aside, in
whole or in part, any report or any order made
or issued by it under this section. After the expi-
ration of the time allowed for filing a petition
for review, if no such petition has been duly
filed within such time, the Commission may at
any time, after notice and opportunity for hear-
ing, reopen and alter, modify, or set aside, in
whole or in part any report or order made or
issued by it under this section, whenever in the
opinion of the Commission conditions of fact or
of law have so changed as to require such action
or if the public interest shall so require, except
that (1) the said person, partnership, or corpora-
tion may, within sixty days after service upon
him or it of said report or order entered after
such a reopening, obtain a review thereof in the
appropriate court of appeals of the United
States, in the manner provided in subsection (c)
of this section; and (2) in the case of an order,
the Commission shall reopen any such order to
consider whether such order (including any af-
firmative relief provision contained in such
order) should be altered, modified, or set aside,
in whole or in part, if the person, partnership, or
corporation involved files a request with the
Commission which makes a satisfactory show-
ing that changed conditions of law or fact re-
quire such order to be altered, modified, or set
aside, in whole or in part. The Commission shall
determine whether to alter, modify, or set aside
any order of the Commission in response to a re-
quest made by a person, partnership, or corpora-
tion under paragraph 1 (2) not later than 120 days
after the date of the filing of such request.
(c) Review of order; rehearing
Any person, partnership, or corporation re-
quired by an order of the Commission to cease
and desist from using any method of competi-
tion or act or practice may obtain a review of
such order in the court of appeals of the United
States, within any circuit where the method of
competition or the act or practice in question
was used or where such person, partnership, or
corporation resides or carries on business, by fil-
ing in the court, within sixty days from the date
of the service of such order, a written petition
praying that the order of the Commission be set
Page 53
TITLE 15—COMMERCE AND TRADE
§ 45
aside. A copy of such petition shall be forthwith
transmitted by the clerk of the court to the
Commission, and thereupon the Commission
shall file in the court the record in the pro-
ceeding, as provided in section 2112 of title 28.
Upon such filing of the petition the court shall
have jurisdiction of the proceeding and of the
question determined therein concurrently with
the Commission until the filing of the record
and shall have power to make and enter a decree
affirming, modifying, or setting aside the order
of the Commission, and enforcing the same to
the extent that such order is affirmed and to
issue such writs as are ancillary to its jurisdic-
tion or are necessary in its judgement to pre-
vent injury to the public or to competitors
pendente lite. The findings of the Commission as
to the facts, if supported by evidence, shall be
conclusive. To the extent that the order of the
Commission is affirmed, the court shall there-
upon issue its own order commanding obedience
to the terms of such order of the Commission. If
either party shall apply to the court for leave to
adduce additional evidence, and shall show to
the satisfaction of the court that such addi-
tional evidence is material and that there were
reasonable grounds for the failure to adduce
such evidence in the proceeding before the Com-
mission, the court may order such additional
evidence to be taken before the Commission and
to be adduced upon the hearing in such manner
and upon such terms and conditions as to the
court may seem proper. The Commission may
modify its findings as to the facts, or make new
findings, by reason of the additional evidence so
taken, and it shall file such modified or new
findings, which, if supported by evidence, shall
be conclusive, and its recommendation, if any,
for the modification or setting aside of its origi-
nal order, with the return of such additional evi-
dence. The judgment and decree of the court
shall be final, except that the same shall be sub-
ject to review by the Supreme Court upon cer-
tiorari, as provided in section 1254 of title 28.
(d) Jurisdiction of court
Upon the filing of the record with it the juris-
diction of the court of appeals of the United
States to affirm, enforce, modify, or set aside
orders of the Commission shall be exclusive.
(e) Exemption from liability
No order of the Commission or judgement of
court to enforce the same shall in anywise re-
lieve or absolve any person, partnership, or cor-
poration from any liability under the Antitrust
Acts.
(f) Service of complaints, orders and other proc-
esses; return
Complaints, orders, and other processes of the
Commission under this section may be served by
anyone duly authorized by the Commission, ei-
ther (a) by delivering a copy thereof to the per-
son to be served, or to a member of the partner-
ship to be served, or the president, secretary, or
other executive officer or a director of the cor-
poration to be served; or (b) by leaving a copy
thereof at the residence or the principal office or
place of business of such person, partnership, or
corporation; or (c) by mailing a copy thereof by
registered mail or by certified mail addressed to
such person, partnership, or corporation at his
or its residence or principal office or place of
business. The verified return by the person so
serving said complaint, order, or other process
setting forth the manner of said service shall be
proof of the same, and the return post office re-
ceipt for said complaint, order, or other process
mailed by registered mail or by certified mail as
aforesaid shall be proof of the service of the
same.
(g) Finality of order
An order of the Commission to cease and de-
sist shall become final—
(1) Upon the expiration of the time allowed
for filing a petition for review, if no such peti-
tion has been duly filed within such time; but
the Commission may thereafter modify or set
aside its order to the extent provided in the
last sentence of subsection (b).
(2) Except as to any order provision subject
to paragraph (4), upon the sixtieth day after
such order is served, if a petition for review
has been duly filed; except that any such order
may be stayed, in whole or in part and subject
to such conditions as may be appropriate, by—
(A) the Commission;
(B) an appropriate court of appeals of the
United States, if (i) a petition for review of
such order is pending in such court, and (ii)
an application for such a stay was previously
submitted to the Commission and the Com-
mission, within the 30-day period beginning
on the date the application was received by
the Commission, either denied the applica-
tion or did not grant or deny the applica-
tion; or
(C) the Supreme Court, if an applicable pe-
tition for certiorari is pending.
(3) For purposes of subsection (m)(1)(B) and
of section 57b(a)(2) of this title, if a petition
for review of the order of the Commission has
been filed—
(A) upon the expiration of the time al-
lowed for filing a petition for certiorari, if
the order of the Commission has been af-
firmed or the petition for review has been
dismissed by the court of appeals and no pe-
tition for certiorari has been duly filed;
(B) upon the denial of a petition for certio-
rari, if the order of the Commission has been
affirmed or the petition for review has been
dismissed by the court of appeals; or
(C) upon the expiration of 30 days from the
date of issuance of a mandate of the Su-
preme Court directing that the order of the
Commission be affirmed or the petition for
review be dismissed.
(4) In the case of an order provision requir-
ing a person, partnership, or corporation to di-
vest itself of stock, other share capital, or as-
sets, if a petition for review of such order of
the Commission has been filed—
(A) upon the expiration of the time al-
lowed for filing a petition for certiorari, if
the order of the Commission has been af-
firmed or the petition for review has been
dismissed by the court of appeals and no pe-
tition for certiorari has been duly filed;
(B) upon the denial of a petition for certio-
rari, if the order of the Commission has been
Page 54
TITLE 15—COMMERCE AND TRADE
§ 45
affirmed or the petition for review has been
dismissed by the court of appeals; or
(C) upon the expiration of 30 days from the
date of issuance of a mandate of the Su-
preme Court directing that the order of the
Commission be affirmed or the petition for
review be dismissed.
(h) Modification or setting aside of order by Su-
preme Court
If the Supreme Court directs that the order of
the Commission be modified or set aside, the
order of the Commission rendered in accordance
with the mandate of the Supreme Court shall
become final upon the expiration of thirty days
from the time it was rendered, unless within
such thirty days either party has instituted pro-
ceedings to have such order corrected to accord
with the mandate, in which event the order of
the Commission shall become final when so cor-
rected.
(i) Modification or setting aside of order by
Court of Appeals
If the order of the Commission is modified or
set aside by the court of appeals, and if (1) the
time allowed for filing a petition for certiorari
has expired and no such petition has been duly
filed, or (2) the petition for certiorari has been
denied, or (3) the decision of the court has been
affirmed by the Supreme Court, then the order
of the Commission rendered in accordance with
the mandate of the court of appeals shall be-
come final on the expiration of thirty days from
the time such order of the Commission was ren-
dered, unless within such thirty days either
party has instituted proceedings to have such
order corrected so that it will accord with the
mandate, in which event the order of the Com-
mission shall become final when so corrected.
(j) Rehearing upon order or remand
If the Supreme Court orders a rehearing; or if
the case is remanded by the court of appeals to
the Commission for a rehearing, and if (1) the
time allowed for filing a petition for certiorari
has expired, and no such petition has been duly
filed, or (2) the petition for certiorari has been
denied, or (3) the decision of the court has been
affirmed by the Supreme Court, then the order
of the Commission rendered upon such rehearing
shall become final in the same manner as
though no prior order of the Commission had
been rendered.
(k) ‘‘Mandate’’ defined
As used in this section the term ‘‘mandate’’, in
case a mandate has been recalled prior to the ex-
piration of thirty days from the date of issuance
thereof, means the final mandate.
(l) Penalty for violation of order; injunctions and
other appropriate equitable relief
Any person, partnership, or corporation who
violates an order of the Commission after it has
become final, and while such order is in effect,
shall forfeit and pay to the United States a civil
penalty of not more than $10,000 for each viola-
tion, which shall accrue to the United States
and may be recovered in a civil action brought
by the Attorney General of the United States.
Each separate violation of such an order shall be
a separate offense, except that in a case of a vio-
lation through continuing failure to obey or ne-
glect to obey a final order of the Commission,
each day of continuance of such failure or ne-
glect shall be deemed a separate offense. In such
actions, the United States district courts are
empowered to grant mandatory injunctions and
such other and further equitable relief as they
deem appropriate in the enforcement of such
final orders of the Commission.
(m) Civil actions for recovery of penalties for
knowing violations of rules and cease and
desist orders respecting unfair or deceptive
acts or practices; jurisdiction; maximum
amount of penalties; continuing violations;
de novo determinations; compromise or set-
tlement procedure
(1)(A) The Commission may commence a civil
action to recover a civil penalty in a district
court of the United States against any person,
partnership, or corporation which violates any
rule under this subchapter respecting unfair or
deceptive acts or practices (other than an inter-
pretive rule or a rule violation of which the
Commission has provided is not an unfair or de-
ceptive act or practice in violation of subsection
(a)(1)) with actual knowledge or knowledge fair-
ly implied on the basis of objective cir-
cumstances that such act is unfair or deceptive
and is prohibited by such rule. In such action,
such person, partnership, or corporation shall be
liable for a civil penalty of not more than $10,000
for each violation.
(B) If the Commission determines in a pro-
ceeding under subsection (b) that any act or
practice is unfair or deceptive, and issues a final
cease and desist order, other than a consent
order, with respect to such act or practice, then
the Commission may commence a civil action to
obtain a civil penalty in a district court of the
United States against any person, partnership,
or corporation which engages in such act or
practice—
(1) after such cease and desist order becomes
final (whether or not such person, partnership,
or corporation was subject to such cease and
desist order), and
(2) with actual knowledge that such act or
practice is unfair or deceptive and is unlawful
under subsection (a)(1) of this section.
In such action, such person, partnership, or cor-
poration shall be liable for a civil penalty of not
more than $10,000 for each violation.
(C) In the case of a violation through con-
tinuing failure to comply with a rule or with
subsection (a)(1), each day of continuance of
such failure shall be treated as a separate viola-
tion, for purposes of subparagraphs (A) and (B).
In determining the amount of such a civil pen-
alty, the court shall take into account the de-
gree of culpability, any history of prior such
conduct, ability to pay, effect on ability to con-
tinue to do business, and such other matters as
justice may require.
(2) If the cease and desist order establishing
that the act or practice is unfair or deceptive
was not issued against the defendant in a civil
penalty action under paragraph (1)(B) the issues
of fact in such action against such defendant
shall be tried de novo. Upon request of any party
to such an action against such defendant, the
Page 55
TITLE 15—COMMERCE AND TRADE
§ 45
court shall also review the determination of law
made by the Commission in the proceeding
under subsection (b) that the act or practice
which was the subject of such proceeding con-
stituted an unfair or deceptive act or practice in
violation of subsection (a).
(3) The Commission may compromise or settle
any action for a civil penalty if such com-
promise or settlement is accompanied by a pub-
lic statement of its reasons and is approved by
the court.
(n) Standard of proof; public policy consider-
ations
The Commission shall have no authority under
this section or section 57a of this title to declare
unlawful an act or practice on the grounds that
such act or practice is unfair unless the act or
practice causes or is likely to cause substantial
injury to consumers which is not reasonably
avoidable by consumers themselves and not out-
weighed by countervailing benefits to consumers
or to competition. In determining whether an
act or practice is unfair, the Commission may
consider established public policies as evidence
to be considered with all other evidence. Such
public policy considerations may not serve as a
primary basis for such determination.
(Sept. 26, 1914, ch. 311, § 5, 38 Stat. 719; Mar. 21,
1938, ch. 49, § 3, 52 Stat. 111; June 23, 1938, ch. 601,
title XI, § 1107(f), 52 Stat. 1028; June 25, 1948, ch.
646, § 32(a), 62 Stat. 991; May 24, 1949, ch. 139, § 127,
63 Stat. 107; Mar. 16, 1950, ch. 61, § 4(c), 64 Stat.
21; July 14, 1952, ch. 745, § 2, 66 Stat. 632; Pub. L.
85–726, title XIV, §§ 1401(b), 1411, Aug. 23, 1958, 72
Stat. 806, 809; Pub. L. 85–791, § 3, Aug. 28, 1958, 72
Stat. 942; Pub. L. 85–909, § 3, Sept. 2, 1958, 72 Stat.
1750; Pub. L. 86–507, § 1(13), June 11, 1960, 74 Stat.
200; Pub. L. 93–153, title IV, § 408(c), (d), Nov. 16,
1973, 87 Stat. 591, 592; Pub. L. 93–637, title II,
§§ 201(a), 204(b), 205(a), Jan. 4, 1975, 88 Stat. 2193,
2200; Pub. L. 94–145, § 3, Dec. 12, 1975, 89 Stat. 801;
Pub. L. 96–37, § 1(a), July 23, 1979, 93 Stat. 95;
Pub. L. 96–252, § 2, May 28, 1980, 94 Stat. 374; Pub.
L. 97–290, title IV, § 403, Oct. 8, 1982, 96 Stat. 1246;
Pub. L. 98–620, title IV, § 402(12), Nov. 8, 1984, 98
Stat. 3358; Pub. L. 100–86, title VII, § 715(a)(1),
Aug. 10, 1987, 101 Stat. 655; Pub. L. 103–312, §§ 4, 6,
9, Aug. 26, 1994, 108 Stat. 1691, 1692, 1695; Pub. L.
109–455, §§ 3, 13, Dec. 22, 2006, 120 Stat. 3372, 3382;
Pub. L. 112–203, § 1, Dec. 4, 2012, 126 Stat. 1484.)
AMENDMENT OF SECTION
For repeal of amendment by section 13 of Pub.
L. 109–455, see Termination Date of 2006 Amend-
ment note below.
Editorial Notes
REFERENCES IN TEXT
The Packers and Stockyards Act, 1921, as amended,
referred to in subsec. (a)(2), is act Aug. 15, 1921, ch. 64,
42 Stat. 159, which is classified to chapter 9 (§ 181 et
seq.) of Title 7, Agriculture. For complete classification
of this Act to the Code, see section 181 of Title 7 and
Tables.
CODIFICATION
In subsec. (a)(2), ‘‘part A of subtitle VII of title 49’’
substituted for ‘‘the Federal Aviation Act of 1958 [49
App. U.S.C. 1301 et seq.]’’ on authority of Pub. L.
103–272, § 6(b), July 5, 1994, 108 Stat. 1378, the first sec-
tion of which enacted subtitles II, III, and V to X of
Title 49, Transportation.
In subsec. (c), ‘‘section 1254 of title 28’’ substituted for
‘‘section 240 of the Judicial Code [28 U.S.C. 347]’’ on au-
thority of act June 25, 1948, ch. 646, 62 Stat. 869, the
first section of which enacted Title 28, Judiciary and
Judicial Procedure.
AMENDMENTS
2012—Subsec. (a)(4). Pub. L. 112–203, § 1, amended Pub.
L. 109–455, § 13. See 2006 Amendment note below.
2006—Subsec. (a)(4). Pub. L. 109–455, § 3, which added
par. (4) extending the definition of unfair or deceptive
acts or practices to include certain ones involving for-
eign commerce, was repealed by Pub. L. 109–455, § 13, as
amended by Pub. L. 112–203, § 1. See Termination Date
of 2006 Amendment note below.
1994—Subsec. (g)(1). Pub. L. 103–312, § 6(d), substituted
a period for ‘‘; or’’ at end.
Subsec. (g)(2). Pub. L. 103–312, § 6(a), amended par. (2)
generally. Prior to amendment, par. (2) read as follows:
‘‘Upon the expiration of the time allowed for filing a
petition for certiorari, if the order of the Commission
has been affirmed, or the petition for review dismissed
by the court of appeals, and no petition for certiorari
has been duly filed; or’’.
Subsec. (g)(3). Pub. L. 103–312, § 6(b), amended par. (3)
generally. Prior to amendment, par. (3) read as follows:
‘‘Upon the denial of a petition for certiorari, if the
order of the Commission has been affirmed or the peti-
tion for review dismissed by the court of appeals; or’’.
Subsec. (g)(4). Pub. L. 103–312, § 6(c), amended par. (4)
generally. Prior to amendment, par. (4) read as follows:
‘‘Upon the expiration of thirty days from the date of
issuance of the mandate of the Supreme Court, if such
Court directs that the order of the Commission be af-
firmed or the petition for review dismissed.’’
Subsec. (m)(1)(B). Pub. L. 103–312, § 4(a), inserted
‘‘, other than a consent order,’’ after ‘‘a final cease and
desist order’’ in introductory provisions.
Subsec. (m)(2). Pub. L. 103–312, § 4(b), inserted at end
‘‘Upon request of any party to such an action against
such defendant, the court shall also review the deter-
mination of law made by the Commission in the pro-
ceeding under subsection (b) that the act or practice
which was the subject of such proceeding constituted
an unfair or deceptive act or practice in violation of
subsection (a).’’
Subsec. (n). Pub. L. 103–312, § 9, added subsec. (n).
1987—Subsec. (a)(2). Pub. L. 100–86 inserted ‘‘Federal
credit unions described in section 57a(f)(4) of this
title,’’ after ‘‘section 57a(f)(3) of this title,’’.
1984—Subsec. (e). Pub. L. 98–620 struck out provision
that such proceedings in the court of appeals had to be
given precedence over other cases pending therein, and
had to be in every way expedited.
1982—Subsec. (a)(3). Pub. L. 97–290 added par. (3).
1980—Subsec. (b). Pub. L. 96–252 added cl. (2) and pro-
vision following cl. (2) requiring that the Commission
determine whether to alter, modify, or set aside any
order of the Commission in response to a request made
by a person, partnership, or corporation under para-
graph (2) not later than 120 days after the date of the
filing of such request.
1979—Subsec. (a)(2). Pub. L. 96–37 added savings and
loan institutions described in section 57a(f)(3) of this
title to the enumeration of entities exempted from the
Commission’s power to prevent the use of unfair meth-
ods of competition and unfair or deceptive acts or prac-
tices.
1975—Pub. L. 93–637, § 201(a), substituted ‘‘in or affect-
ing commerce’’ for ‘‘in commerce’’ wherever appearing.
Subsec. (a). Pub. L. 94–145 struck out pars. (2) to (5)
which permitted fair trade pricing of articles for retail
sale and State enactment of nonsigner provisions, and
redesignated par. (6) as (2).
Subsec. (m). Pub. L. 93–637, §§ 204(b), 205(a), added sub-
sec. (m). Former subsec. (m), relating to the election by
the Commission to appear in its own name after noti-
fying and consulting with and giving the Attorney Gen-
Page 56
TITLE 15—COMMERCE AND TRADE
§ 45
eral 10 days to take the action proposed by the Com-
mission, was struck out.
1973—Subsec. (l). Pub. L. 93–153, § 408(c), raised the
maximum civil penalty for each violation to $10,000 and
inserted provisions empowering the United States Dis-
trict Courts to grant mandatory injunctions and such
other and further equitable relief as they might deem
appropriate for the enforcement of final Commission
orders.
Subsec. (m). Pub. L. 93–153, § 408(d), added subsec. (m).
1960—Subsec. (f). Pub. L. 86–507 substituted ‘‘mailing
a copy thereof by registered mail or by certified mail’’
for ‘‘registering and mailing a copy thereof’’, and
‘‘mailed by registered mail or by certified mail’’ for
‘‘registered and mailed’’.
1958—Subsec. (a)(6). Pub. L. 85–909 substituted ‘‘per-
sons, partnerships, or corporations insofar as they are
subject to the Packers and Stockyards Act, 1921, as
amended,’’ for ‘‘persons, partnerships or corporations
subject to the Packers and Stockyards Act, 1921,’’.
Pub. L. 85–726, § 1411, substituted ‘‘Federal Aviation
Act of 1958’’ for ‘‘Civil Aeronautics Act of 1938’’.
Subsec. (b). Pub. L. 85–791, § 3(a), struck out ‘‘the
transcript of’’ before ‘‘the record in the proceeding’’ in
sixth sentence.
Subsec. (c). Pub. L. 85–791, § 3(b), in second sentence,
substituted ‘‘transmitted by the clerk of the court to’’
for ‘‘served upon’’, and ‘‘Commission shall file in the
court the record in the proceeding, as provided in sec-
tion 2112 of title 28’’ for ‘‘Commission forthwith shall
certify and file in the court a transcript of the entire
record in the proceeding, including all the evidence
taken and the report and order of the Commission’’,
and which, in third sentence struck out ‘‘and tran-
script’’ after ‘‘petition’’, inserted ‘‘concurrently with
the Commission until the filing of the record’’ and
struck out ‘‘upon the pleadings, evidence, and pro-
ceedings set forth in such transcript’’ before ‘‘a decree
affirming’’.
Subsec. (d). Pub. L. 85–791, § 3(c), substituted ‘‘Upon
the filing of the record with it the’’ for ‘‘The’’.
1952—Subsec. (a). Act July 14, 1952, amended subsec.
(a) generally to permit fair trade pricing of articles for
retail sale.
1950—Subsec. (l). Act Mar. 16, 1950, inserted last sen-
tence to make each separate violation of a cease and
desist order as a separate offense, except that each day
of a continuing failure to obey a final order shall be a
separate offense.
1938—Subsec. (a). Act June 23, 1938, inserted ‘‘air car-
riers and foreign air carriers subject to chapter 9 of
title 49’’ in second par.
Act Mar. 21, 1938, amended section generally.
Statutory Notes and Related Subsidiaries
CHANGE OF NAME
Act June 25, 1948, eff. Sept. 1, 1948, as amended by act
May 24, 1949, substituted ‘‘court of appeals’’ for ‘‘circuit
court of appeals’’.
TERMINATION DATE OF 2006 AMENDMENT
Amendment by section 3 of Pub. L. 109–455 repealed
effective Sept. 30, 2027, and provisions amended by Pub.
L. 109–455 to be amended to read as if Pub. L. 109–455
had not been enacted, see section 13 of Pub. L. 109–455,
set out as a note under section 44 of this title.
EFFECTIVE DATE OF 1994 AMENDMENT
Pub. L. 103–312, § 15, Aug. 26, 1994, 108 Stat. 1697, pro-
vided that:
‘‘(a) IN GENERAL.—Except as provided in subsections
(b), (c), (d), and (e), the provisions of this Act [enacting
section 57b–5 of this title, amending this section and
sections 53, 57a, 57b–1, 57b–2, 57c, and 58 of this title, and
enacting provisions set out as notes under sections 57c
and 58 of this title] shall take effect on the date of en-
actment of this Act [Aug. 26, 1994].
‘‘(b) APPLICABILITY
OF SECTION 5.—The amendment
made by section 5 of this Act [amending section 57a of
this title] shall apply only to rulemaking proceedings
initiated after the date of enactment of this Act. Such
amendment shall not be construed to affect in any
manner a rulemaking proceeding which was initiated
before the date of enactment of this Act [Aug. 26, 1994].
‘‘(c) APPLICABILITY OF SECTION 6.—The amendments
made by section 6 of this Act [amending this section]
shall apply only with respect to cease and desist orders
issued under section 5 of the Federal Trade Commission
Act (15 U.S.C. 45) after the date of enactment of this
Act [Aug. 26, 1994]. These amendments shall not be con-
strued to affect in any manner a cease and desist order
which was issued before the date of enactment of this
Act.
‘‘(d) APPLICABILITY OF SECTIONS 7 AND 8.—The amend-
ments made by sections 7 and 8 of this Act [amending
sections 57b–1 and 57b–2 of this title] shall apply only
with respect to compulsory process issued after the
date of enactment of this Act [Aug. 26, 1994].
‘‘(e) APPLICABILITY OF SECTION 9.—The amendments
made by section 9 of this Act [amending this section]
shall apply only with respect to cease and desist orders
issued under section 5 of the Federal Trade Commission
Act (15 U.S.C. 45), or to rules promulgated under sec-
tion 18 of the Federal Trade Commission Act (15 U.S.C.
57a) after the date of enactment of this Act [Aug. 26,
1994]. These amendments shall not be construed to af-
fect in any manner a cease and desist order which was
issued, or a rule which was promulgated, before the
date of enactment of this Act. These amendments shall
not be construed to affect in any manner a cease and
desist order issued after the date of enactment of this
Act, if such order was issued pursuant to remand from
a court of appeals or the Supreme Court of an order
issued by the Federal Trade Commission before the
date of enactment of this Act.’’
EFFECTIVE DATE OF 1984 AMENDMENT
Amendment by Pub. L. 98–620 not applicable to cases
pending on Nov. 8, 1984, see section 403 of Pub. L. 98–620,
set out as an Effective Date note under section 1657 of
Title 28, Judiciary and Judicial Procedure.
EFFECTIVE DATE OF 1980 AMENDMENT
Pub. L. 96–252, § 23, May 28, 1980, 94 Stat. 397, provided
that: ‘‘The provisions of this Act [enacting sections
57a–1 and 57b–1 to 57b–4 of this title, amending this sec-
tion and sections 46, 50, 57a, 57c, and 58 of this title, and
enacting provisions set out as notes under sections 46,
57a, 57a–1, 57c, and 58 of this title], and the amendments
made by this Act, shall take effect on the date of the
enactment of this Act [May 28, 1980].’’
EFFECTIVE DATE OF 1975 AMENDMENTS
Amendment by Pub. L. 94–145 effective upon expira-
tion of ninety-day period beginning on Dec. 12, 1975, see
section 4 of Pub. L. 94–145, set out as a note under sec-
tion 1 of this title.
Amendment by section 204(b) of Pub. L. 93–637 not ap-
plicable to any civil action commenced before Jan. 4,
1975, see section 204(c) of Pub. L. 93–637, set out as a
note under section 56 of this title.
Pub. L. 93–637, § 205(b), Jan. 4, 1975, 88 Stat. 2201, pro-
vided that: ‘‘The amendment made by subsection (a) of
this section [amending this section] shall not apply to
any violation, act, or practice to the extent that such
violation, act, or practice occurred before the date of
enactment of this Act [Jan. 4, 1975].’’
EFFECTIVE DATE OF 1958 AMENDMENT
Amendment by Pub. L. 85–726 effective on 60th day
following the date on which the Administrator of the
Federal Aviation Agency first appointed under Pub. L.
85–726 qualifies and takes office, see section 1505(2) of
Pub. L. 85–726. The Administrator was appointed, quali-
fied, and took office on Oct. 31, 1958.
EFFECTIVE DATE OF 1950 AMENDMENT
Amendment by act Mar. 16, 1950, effective July 1, 1950,
see note set out under section 347 of Title 21, Food and
Drugs.
Page 57
TITLE 15—COMMERCE AND TRADE
§ 45b
PROHIBITING DECEPTIVE ACTS OR PRACTICES IN
CONNECTION WITH THE NOVEL CORONAVIRUS
Pub. L. 116–260, div. FF, title XIV, § 1401, Dec. 27, 2020,
134 Stat. 3275, provided that:
‘‘(a) SHORT TITLE.—This section may be cited as the
‘COVID–19 Consumer Protection Act’.
‘‘(b) IN GENERAL.—For the duration of a public health
emergency declared pursuant to section 319 of the Pub-
lic Health Service Act (42 U.S.C. 247d) as a result of
confirmed
cases
of
the
2019
novel
coronavirus
(COVID–19), including any renewal thereof, it shall be
unlawful for any person, partnership, or corporation to
engage in a deceptive act or practice in or affecting
commerce in violation of section 5(a) of the Federal
Trade Commission Act (15 U.S.C. 45(a)) that is associ-
ated with—
‘‘(1) the treatment, cure, prevention, mitigation, or
diagnosis of COVID–19; or
‘‘(2) a government benefit related to COVID–19.
‘‘(c) ENFORCEMENT BY THE FEDERAL TRADE COMMIS-
SION.—
‘‘(1) VIOLATION.—A violation of subsection (b) shall
be treated as a violation of a rule defining an unfair
or deceptive act or practice prescribed under section
18(a)(1)(B) of the Federal Trade Commission Act (15
U.S.C. 57a(a)(1)(B)).
‘‘(2) POWERS OF THE FEDERAL TRADE COMMISSION.—
‘‘(A) IN GENERAL.—The Federal Trade Commission
shall enforce subsection (b) in the same manner, by
the same means, and with the same jurisdiction,
powers, and duties as though all applicable terms
and provisions of the Federal Trade Commission
Act (15 U.S.C. 41 et seq.) were incorporated into and
made a part of this Act [probably means ‘‘this sec-
tion’’].
‘‘(B) PRIVILEGES
AND
IMMUNITIES.—Any person
who violates this Act [probably means ‘‘this sec-
tion’’] shall be subject to the penalties and entitled
to the privileges and immunities provided in the
Federal Trade Commission Act.
‘‘(3) EFFECT ON OTHER LAWS.—Nothing in this Act
[probably means ‘‘this section’’] shall be construed to
limit the authority of the Federal Trade Commission
under any other provision of law.
‘‘(d) SEVERABILITY.—If any provision of this Act
[probably means ‘‘this section’’], or the application
thereof to any person or circumstance, is held invalid,
the remainder of this Act and the application of such
provision to other persons not similarly situated or to
other circumstances shall not be affected by the invali-
dation.’’
CONGRESSIONAL
FINDINGS
AND
DECLARATION
OF
PUR-
POSE
COVERING
GRANT
OF
DISTRICT
SUBPENA
EN-
FORCEMENT
AUTHORITY
AND
AUTHORITY
TO
GRANT
PRELIMINARY INJUNCTIVE RELIEF
Pub. L. 93–153, § 408(a), (b), Nov. 16, 1973, 87 Stat. 591,
provided that:
‘‘(a)(1) The Congress hereby finds that the investiga-
tive and law enforcement responsibilities of the Fed-
eral Trade Commission have been restricted and ham-
pered because of inadequate legal authority to enforce
subpenas and to seek preliminary injunctive relief to
avoid unfair competitive practices.
‘‘(2) The Congress further finds that as a direct result
of this inadequate legal authority significant delays
have occurred in a major investigation into the legal-
ity of the structure, conduct, and activities of the pe-
troleum industry, as well as in other major investiga-
tions designed to protect the public interest.
‘‘(b) It is the purpose of this Act [amending this sec-
tion and sections 46, 53, and 56 of this title] to grant the
Federal Trade Commission the requisite authority to
insure prompt enforcement of the laws the Commission
administers by granting statutory authority to di-
rectly enforce subpenas issued by the Commission and
to seek preliminary injunctive relief to avoid unfair
competitive practices.’’
PURPOSE OF ACT JULY 14, 1952
Act July 14, 1952, ch. 745, § 1, 66 Stat. 631, provided:
‘‘That it is the purpose of this Act [amending this sec-
tion] to protect the rights of States under the United
States Constitution to regulate their internal affairs
and more particularly to enact statutes and laws, and
to adopt policies, which authorize contracts and agree-
ments prescribing minimum or stipulated prices for the
resale of commodities and to extend the minimum or
stipulated prices prescribed by such contracts and
agreements to persons who are not parties thereto. It is
the further purpose of this Act to permit such statutes,
laws, and public policies to apply to commodities, con-
tracts, agreements, and activities in or affecting inter-
state or foreign commerce.’’
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.
§ 45a. Labels on products
To the extent any person introduces, delivers
for introduction, sells, advertises, or offers for
sale in commerce a product with a ‘‘Made in the
U.S.A.’’ or ‘‘Made in America’’ label, or the
equivalent thereof, in order to represent that
such product was in whole or substantial part of
domestic origin, such label shall be consistent
with decisions and orders of the Federal Trade
Commission issued pursuant to section 45 of this
title. This section only applies to such labels.
Nothing in this section shall preclude the appli-
cation of other provisions of law relating to la-
beling. The Commission may periodically con-
sider an appropriate percentage of imported
components which may be included in the prod-
uct and still be reasonably consistent with such
decisions and orders. Nothing in this section
shall preclude use of such labels for products
that contain imported components under the
label when the label also discloses such informa-
tion in a clear and conspicuous manner. The
Commission shall administer this section pursu-
ant to section 45 of this title and may from time
to time issue rules pursuant to section 553 of
title 5 for such purpose. If a rule is issued, such
violation shall be treated by the Commission as
a violation of a rule under section 57a of this
title regarding unfair or deceptive acts or prac-
tices. This section shall be effective upon publi-
cation in the Federal Register of a Notice of the
provisions of this section. The Commission shall
publish such notice within six months after Sep-
tember 13, 1994.
(Pub. L. 103–322, title XXXII, § 320933, Sept. 13,
1994, 108 Stat. 2135.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Violent Crime
Control and Law Enforcement Act of 1994, and not as
part of the Federal Trade Commission Act which com-
prises this subchapter.
§ 45b. Consumer review protection
(a) Definitions
In this section:
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
For the purpose of this chapter, the term—
(1) “financial institution”, except as provided in [section 3414 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section3414&num=0&edition=prelim), means any office of a bank, savings bank, card issuer as defined in section 1602(n) 11 See References in Text note below. of title 15, industrial loan company, trust company, savings association, building and loan, or homestead association (including cooperative banks), credit union, or consumer finance institution, located in any State or territory of the United States, the District of Columbia, Puerto Rico, Guam, American Samoa, or the Virgin Islands;
(2) “financial record” means an original of, a copy of, or information known to have been derived from, any record held by a financial institution pertaining to a customer’s relationship with the financial institution;
(3) “Government authority” means any agency or department of the United States, or any officer, employee, or agent thereof;
(4) “person” means an individual or a partnership of five or fewer individuals;
(5) “customer” means any person or authorized representative of that person who utilized or is utilizing any service of a financial institution, or for whom a financial institution is acting or has acted as a fiduciary, in relation to an account maintained in the person’s name;
(6) “holding company” means—
(A) any bank holding company (as defined in [section 1841 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1841&num=0&edition=prelim)); and
(B) any company described in [section 1843(f)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1843/f/1&num=0&edition=prelim);
(7) “supervisory
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 3401
Stored review status: release_metadata_unconfirmed. The source passage cites 12 U.S.C. § 3401. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 1534
TITLE 12—BANKS AND BANKING
§ 3401
1 See References in Text note below.
section 1026.35(b)(2)(iv)(A) of title 12, Code of
Federal Regulations;
(2) not later than 3 days after the date on
which the Closing Disclosure Form, made in
accordance with the final rule of the Bureau of
Consumer Financial Protection entitled ‘‘Inte-
grated Mortgage Disclosures Under the Real
Estate Settlement Procedures Act (Regulation
X) and the Truth in Lending Act (Regulation
Z)’’ (78 Fed. Reg. 79730 (December 31, 2013)), re-
lating to the federally related transaction is
given to the consumer, the mortgage origi-
nator or its agent, directly or indirectly—
(A) has contacted not fewer than 3 State
certified appraisers or State licensed ap-
praisers, as applicable, on the mortgage
originator’s approved appraiser list in the
market area in accordance with part 226 of
title 12, Code of Federal Regulations; and
(B) has documented that no State certified
appraiser or State licensed appraiser, as ap-
plicable, was available within 5 business
days beyond customary and reasonable fee
and timeliness standards for comparable ap-
praisal assignments, as documented by the
mortgage originator or its agent;
(3) the transaction value is less than $400,000;
and
(4) the mortgage originator is subject to
oversight by a Federal financial institutions
regulatory agency.
(c) Sale, assignment, or transfer
A mortgage originator that makes a loan
without an appraisal under the terms of sub-
section (b) shall not sell, assign, or otherwise
transfer legal title to the loan unless—
(1) the loan is sold, assigned, or otherwise
transferred to another person by reason of the
bankruptcy or failure of the mortgage origi-
nator;
(2) the loan is sold, assigned, or otherwise
transferred t
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 3401
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 3401. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 41
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 41. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 41
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 41. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Declaration of unlawfulness; power to prohibit unfair practices; inapplicability to foreign trade**
(1) Unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful.
(2) The Commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except banks, savings and loan institutions described in [section 57a(f)(3) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section57a/f/3&num=0&edition=prelim), Federal credit unions described in [section 57a(f)(4) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section57a/f/4&num=0&edition=prelim), common carriers subject to the Acts to regulate commerce, air carriers and foreign air carriers subject to part A of subtitle VII of title 49, and persons, partnerships, or corporations insofar as they are subject to the Packers and Stockyards Act, 1921, as amended [[7 U.S.C. 181](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section181&num=0&edition=prelim) et seq.], except as provided in section 406(b) of said Act [[7 U.S.C. 227(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section227/b&num=0&edition=prelim)], from using unfair methods of competition in or affecting commerce and unfair or deceptive acts or practices in or affecting commerce.
(3) This subsection shall not apply to unfair methods of competition involving commerce with foreign nations (other than import commerce) unless—
(A) such methods of competition have a direct, substantial, and reasonably foreseeable effect—
(i) on commerce which is not commerce with foreign nations, or on import commerce with foreign nations; or
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 45
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority of Commission to prescribe rules and general statements of policy**
(1) Except as provided in subsection (h), the Commission may prescribe—
(A) interpretive rules and general statements of policy with respect to unfair or deceptive acts or practices in or affecting commerce (within the meaning of [section 45(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45/a/1&num=0&edition=prelim)), and
(B) rules which define with specificity acts or practices which are unfair or deceptive acts or practices in or affecting commerce (within the meaning of [section 45(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45/a/1&num=0&edition=prelim)), except that the Commission shall not develop or promulgate any trade rule or regulation with regard to the regulation of the development and utilization of the standards and certification activities pursuant to this section. Rules under this subparagraph may include requirements prescribed for the purpose of preventing such acts or practices.
(2) The Commission shall have no authority under this subchapter, other than its authority under this section, to prescribe any rule with respect to unfair or deceptive acts or practices in or affecting commerce (within the meaning of [section 45(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45/a/1&num=0&edition=prelim)). The preceding sentence shall not affect any authority of the Commission to prescribe rules (including interpretive rules), and general statements of policy, with respect to unfair methods of competition in or affecting commerce.
**(b) Procedures applicable**
(1) When prescribing a rule under subsection (a)(1)(B) of t
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 57a
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 57a. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 78
TITLE 15—COMMERCE AND TRADE
§ 57
right of the Commission to commence, defend,
or intervene in, any such action or appeal may
be extinguished due to any procedural require-
ment of any court with respect to the time in
which any pleadings, notice of appeal, or other
acts pertaining to such action or appeal may be
taken, the Attorney General shall have one-half
of the time required to comply with any such
procedural requirement of the court (including
any extension of such time granted by the court)
for the purpose of commencing, defending, or in-
tervening in the civil action pursuant to para-
graph (1) or for the purpose of refusing to appeal
or file a petition for writ of certiorari and the
written notification or failing to take any ac-
tion pursuant to paragraph 3(A)(ii).
(5) The provisions of this subsection shall
apply notwithstanding chapter 31 of title 28, or
any other provision of law.
(b) Certification by Commission to Attorney Gen-
eral for criminal proceedings
Whenever the Commission has reason to be-
lieve that any person, partnership, or corpora-
tion is liable for a criminal penalty under this
subchapter, the Commission shall certify the
facts to the Attorney General, whose duty it
shall be to cause appropriate criminal pro-
ceedings to be brought.
(c) Foreign litigation
(1) Commission attorneys
With the concurrence of the Attorney Gen-
eral, the Commission may designate Commis-
sion attorneys to assist the Attorney General
in connection with litigation in foreign courts
on particular matters in which the Commis-
sion has an interest.
(2) Reimbursement for foreign counsel
The Commission is authorized to expend ap-
propriated funds, upon agreement with the At-
torney General, to reimburse the Attorney
General for the reten
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 57a
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 57a. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Packers and Stockyards Act, 1921.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 181
Stored review status: release_metadata_unconfirmed. The source passage cites 7 U.S.C. § 181. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 331
TITLE 7—AGRICULTURE
§ 182
§ 301, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 952. See note
set out under section 391 of this title.
By order of Secretary of Agriculture, Packers and
Stockyards Administration abolished on July 1, 1927,
and enforcement of Packers and Stockyards Act of 1921,
which is classified to this chapter, was put under con-
trol of chief of Bureau of Animal Industry.
SUBCHAPTER I—GENERAL DEFINITIONS
§ 181. Short title
This chapter may be cited as the ‘‘Packers and
Stockyards Act, 1921.’’
(Aug. 15, 1921, ch. 64, title I, § 1, 42 Stat. 159.)
Statutory Notes and Related Subsidiaries
SHORT TITLE OF 2016 AMENDMENT
Pub. L. 114–237, § 1, Oct. 7, 2016, 130 Stat. 970, provided
that: ‘‘This Act [amending sections 201 and 228b of this
title] may be cited as the ‘Clarification of Treatment of
Electronic Sales of Livestock Act of 2016’.’’
SHORT TITLE OF 1987 AMENDMENT
Pub. L. 100–173, § 1, Nov. 23, 1987, 101 Stat. 917, pro-
vided that: ‘‘This Act [enacting sections 197 and 228b–1
to 228b–4 of this title, amending sections 182, 192, 209,
221, 223, 227, and 228a of this title, repealing sections 218
to 218d of this title, and enacting provisions set out as
notes under sections 182 and 227 of this title] may be
cited as the ‘Poultry Producers Financial Protection
Act of 1987’.’’
IMPROVED INVESTIGATIVE AND ENFORCEMENT
ACTIVITIES UNDER THIS CHAPTER
Pub. L. 106–472, title III, § 312(a)-(d), Nov. 9, 2000, 114
Stat. 2076, 2077, provided that:
‘‘(a) IMPLEMENTATION OF GENERAL ACCOUNTING OFFICE
[NOW
GOVERNMENT
ACCOUNTABILITY
OFFICE]
REC-
OMMENDATIONS.—Not later than 1 year after the date of
the enactment of this Act [Nov. 9, 2000], the Secretary
of Agriculture shall implement the recommendations
contained in the report issued by the Gener
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 181
Stored review status: historical_2024_not_currentness_verified. The source passage cites 7 U.S.C. § 181. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Omitted**
**(b) Jurisdiction of Federal Trade Commission** The Federal Trade Commission shall have power and jurisdiction over any matter involving meat, meat food products, livestock products in unmanufactured form, or poultry products, which by this chapter is made subject to the power or jurisdiction of the Secretary, as follows:
(1) When the Secretary in the exercise of his duties requests of the Commission that it make investigations and reports in any case.
(2) In any investigation of, or proceeding for the prevention of, an alleged violation of any Act administered by the Commission, arising out of acts or transactions involving meat, meat food products, or livestock products in unmanufactured form, if the Commission determines that effective exercise of its power or jurisdiction with respect to retail sales of any such commodities is or will be impaired by the absence of power or jurisdiction over all acts or transactions involving such commodities in such investigation or proceeding. In order to avoid unnecessary duplication of effort by the Government and burdens upon the industry, the Commissioner shall notify the Secretary of such determination, the reasons therefor, and the acts or transactions involved, and shall not exercise power or jurisdiction with regard to acts or transactions (other than retail sales) involving such commodities if the Secretary within ten days from the date of receipt of the notice notifies the Commission that there is pending in his Department an investigation of, or proceeding for the prevention of, an alleged violation of this chapter involving the same subject matter.
(3) Over all transactions in commerce in margarine, oleomargarine, or poultry products and over retail sales of meat, meat food products and livestock pr
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 227
Stored review status: release_metadata_unconfirmed. The source passage cites 7 U.S.C. § 227. This identifies an authority to review, not proof of applicability.