Page:United States Statutes at Large Volume 88 Part 2.djvu/882

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PUBLIC LAW 93-637-JAN. 4, 1975

[88 STAT.

be so regulated, may not exceed 25 percent of the aggregate amount paid as compensation under this subsection to all persons in such fiscal year. "(3) The aggregate amount of compensation paid to all persons in any fiscal year under this subsection may not exceed $1,000,000." (b) Section 6(g) of the Federal Trade Commission Act (15 U.S.C. 46(g)) is amended by inserting "(except as provided in section 18 (a)(2) of this Act) " before "to make rules and regulations". 15 USC S7a (c)(1) The amendments made by subsections (a) and (b) of this note. section shall not affect the validity of any rule which was promulgated under section 6(g) of the Federal Trade Commission Act prior to the date of enactment of this section. Any proposed rule under section 6(g) of such Act with respect to which presentation of data, views, and arguments was substantially completed before such date may be promulgated in the same manner and with the same validity as such rule could have been promulgated had this section not been enacted. (2) If a rule described in paragraph (1) of this subsection is valid Ante, p. 2 193. ^ud if section 18 of the Federal Trade Commission Act would have applied to such rule had such rule been promulgated after the date of enactment of this Act, any substantive change in the rule after it has been promulgated shall be made in accordance with such section 18. note ^^^ ^^"^ (d) The Federal Trade Commission and the Administrative Constudy and evai- fercncc of the United States shall each conduct a study and evaluation "^'^°"of the rulemaking procedures under section 18 of the Federal Trade Report to Con- Commission Act and each shall submit a report of its study (including gres s. any legislative recommendations) to the Congress not later than 18 months after the date of enactment of this Act. INVESTIGATIVE

AITTIIORITY

SEC. 203. (a)(1) Section 6(a) of the Federal Trade Commission Act (15 U.S.C. 46(a)) is amended by striking out "corporation" and inserting "person, partnership, or corporation"; and by striking out "corporations and to individuals, associations, and partnerships", and inserting in lieu thereof "persons, partnerships, and corporations". (2) Section 6(b) of such Act is amended by striking out "corporations" where it first appears and inserting in lieu thereof "persons, partnerships, and corporations,"; and by striking out "respective corporations" and inserting in lieu thereof "respective persons, partnerships, and corporations". (3) The proviso at the end of section 6 of such Act is amended by striking out "any such corporation to the extent that such action is necessary to the investigation of any corporation, group of corporations," and inserting in lieu thereof "any person, partnership, or corporation to the extent that such action is necessary to the investigation of any person, partnership, or corporation, group of persons, partnerships, or corporations,". (b)(1) The first paragraph of section 9 of such Act (15 U.S.C. 49) is amended by striking out "corporation" where it first appears and inserting in lieu thereof "person, partnership, or corporation". (2) The third paragraph of section 9 of such Act is amended by striking out "corporation or other person" both places where it appears and inserting in each such place "person, partnership, or corporation". (3) The fourth paragraph of section 9 of such Act is amended by striking out "person or corporation" and inserting in lieu thereof "person, partnership, or corporation".

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