15 U.S.C. § 6505 : US Code - Section 6505: Administration and applicability

Search 15 U.S.C. § 6505 : US Code - Section 6505: Administration and applicability

(a) In general
Except as otherwise provided, this chapter shall be enforced by
the Commission under the Federal Trade Commission Act (15 U.S.C. 41
et seq.).
(b) Provisions
Compliance with the requirements imposed under this chapter shall
be enforced under -
(1) section 8 of the Federal Deposit Insurance Act (12 U.S.C.
1818), in the case of -
(A) national banks, and Federal branches and Federal agencies
of foreign banks, by the Office of the Comptroller of the
Currency;
(B) member banks of the Federal Reserve System (other than
national banks), branches and agencies of foreign banks (other
than Federal branches, Federal agencies, and insured State
branches of foreign banks), commercial lending companies owned
or controlled by foreign banks, and organizations operating
under section 25 or 25(a) (!1) of the Federal Reserve Act (12
U.S.C. 601 et seq. and 611 et. seq.), by the Board; and
(C) banks insured by the Federal Deposit Insurance
Corporation (other than members of the Federal Reserve System)
and insured State branches of foreign banks, by the Board of
Directors of the Federal Deposit Insurance Corporation;
(2) section 8 of the Federal Deposit Insurance Act (12 U.S.C.
1818), by the Director of the Office of Thrift Supervision, in
the case of a savings association the deposits of which are
insured by the Federal Deposit Insurance Corporation;
(3) the Federal Credit Union Act (12 U.S.C. 1751 et seq.) by
the National Credit Union Administration Board with respect to
any Federal credit union;
(4) part A of subtitle VII of title 49 by the Secretary of
Transportation with respect to any air carrier or foreign air
carrier subject to that part;
(5) the Packers and Stockyards Act, 1921 (7 U.S.C. 181 et.
seq.) (except as provided in section 406 of that Act (7 U.S.C.
226, 227)), by the Secretary of Agriculture with respect to any
activities subject to that Act; and
(6) the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) by the
Farm Credit Administration with respect to any Federal land bank,
Federal land bank association, Federal intermediate credit bank,
or production credit association.
(c) Exercise of certain powers
For the purpose of the exercise by any agency referred to in
subsection (a) (!2) of this section of its powers under any Act
referred to in that subsection, a violation of any requirement
imposed under this chapter shall be deemed to be a violation of a
requirement imposed under that Act. In addition to its powers under
any provision of law specifically referred to in subsection (a)
(!2) of this section, each of the agencies referred to in that
subsection may exercise, for the purpose of enforcing compliance
with any requirement imposed under this chapter, any other
authority conferred on it by law.
(d) Actions by Commission
The Commission shall prevent any person from violating a rule of
the Commission under section 6502 of this title 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 chapter. Any entity that violates such rule
shall be subject to the penalties and entitled to the privileges
and immunities provided in the Federal Trade Commission Act in the
same manner, by the same means, and with the same jurisdiction,
power, and duties as though all applicable terms and provisions of
the Federal Trade Commission Act were incorporated into and made a
part of this chapter.
(e) Effect on other laws
Nothing contained in this chapter shall be construed to limit the
authority of the Commission under any other provisions of law.