§ 65. — Information required from export trade corporation; powers of Federal Trade Commission.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 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.
