Page:United States Statutes at Large Volume 94 Part 1.djvu/424

 94 STAT. 374

PUBLIC LAW 96-252—MAY 28, 1980 Public Law 96-252 96th Congress An Act

May 28, 1980 [H.R. 2313]

fji^ amend the Federal Trade Commission Act to extend the authorization of appropriations contained in such Act, and for other purposes.

Federal Trade

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled.

Commission Improvements Act of 1980.

SHORT TITLE

15 USC 58 note.

SECTION 1. This Act may be cited as the "Federal Trade Commission Improvements Act of 1980". RECONSIDERATION OF ORDERS

SEC. 2. Section 5(b) of the Federal Trade Commission Act (15 U.S.C. 45(b)) is amended— (1) in the last sentence thereof, by striking out ": Provided, however, That" and inserting in lieu thereof ", except that (1)", and by inserting before the period at the end thereof the following:"; and (2) in the case of an order, the Commission shall reopen any such order to consider whether such order (including any affirmative 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 showing that changed conditions of law or fact require such order to be altered, modified, or set aside, in whole or in part"; and (2) by adding at the end thereof the following new sentence: "The Commission shall 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 paragraph (2) not later than 120 days after the date of the filing of such request.". DISCLOSURE OF COMMERCIAL OR FINANCIAL INFORMATION; QUARTERLY FINANCIAL REPORTS

SEC. 3. (a) Section 6(f) of the Federal Trade Commission Act (15 U.S.C. 46(f)) is amended— (1) by striking out ", except trade secrets and names of customers, as it shall deem expedient" and inserting in lieu thereof "as are"; and (2) by inserting before the period at the end thereof the following: ": Provided, That the Commission shall not have any authority to make public any trade secret or any commercial or financial information which is obtained from any person and which is privileged or confidential, except that the Commission may disclose such information to officers and employees of appropriate Federal law enforcement agencies or to any officer

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