
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC65]

 
                      TITLE 15--COMMERCE AND TRADE
 
   CHAPTER 2--FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND 
               PREVENTION OF UNFAIR METHODS OF COMPETITION
 
                SUBCHAPTER II--PROMOTION OF EXPORT TRADE
 
Sec. 65. Information required from export trade corporation; 
        powers of Federal Trade Commission
        
    Every association which engages solely in export trade, within 
thirty days after its creation, shall file with the Federal Trade 
Commission a verified written statement setting forth the location of 
its offices or places of business and the names and addresses of all its 
officers and of all its stockholders or members, and if a corporation, a 
copy of its certificate or articles of incorporation and bylaws, and if 
unincorporated, a copy of its articles or contract of association, and 
on the 1st day of January of each year every association engaged solely 
in export trade shall make a like statement of the location of its 
offices or places of business and the names and addresses of all its 
officers and of all its stockholders or members and of all amendments to 
and changes in its articles or certificate of incorporation or in its 
articles or contract of association. It shall also furnish to the 
Commission such information as the Commission may require as to its 
organization business, conduct, practices, management, and relation to 
other associations, corporations, partnerships, and individuals. 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 district 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 appropriation 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 
association 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, understanding, 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 association, or which substantially lessens competition 
within the United States or otherwise restrains trade therein, it shall 
summon such association, its officers, and agents to appear before it, 
and thereafter conduct an investigation into the alleged violations of 
law. Upon investigation, 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 maintain 
its organization and management and conduct its business in accordance 
with law. If such association fails to comply with the recommendations 
of the Federal Trade Commission, 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 Federal Trade Commission Act [15 U.S.C. 41 et seq.].

(Apr. 10, 1918, ch. 50, Sec. 5, 40 Stat. 517; June 25, 1948, ch. 646, 
Sec. 1, 62 Stat. 909.)

                       References in Text

    The Federal Trade Commission Act, referred to in text, is act Sept. 
26, 1914, ch. 311, 38 Stat. 717, as amended, which is classified 
generally to subchapter I (Sec. 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].

                         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 Procedure.

                          Transfer of Functions

    For transfer of functions of Federal Trade Commission, with certain 
exceptions, to Chairman of such Commission, see Reorg. Plan No. 8 of 
1950, Sec. 1, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1264, set out 
under section 41 of this title.
