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Title 15 — Commerce and TradeRelease 119-73

§68g Guaranty

Title 15 › Chapter CHAPTER 2— - FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND PREVENTION OF UNFAIR METHODS OF COMPETITION › Subchapter SUBCHAPTER III— - LABELING OF WOOL PRODUCTS › § 68g

Last updated Apr 6, 2026|Official source

Summary

You are protected from a criminal charge under the law if you have an honest written guarantee that is signed and shows the name and U.S. address of the person who made or supplied the wool product, and that says the product is not mislabeled. The guarantee can be a one-time paper on the invoice or a standing guarantee filed with the Commission. If someone gives a false guarantee, that is an unfair and deceptive business practice under the Federal Trade Commission Act. A person who relied on a similar honest guarantee is not guilty unless they had reason to think the guarantee might be false.

Full Legal Text

Title 15, §68g

Commerce and Trade — Source: USLM XML via OLRC

(a)No person shall be guilty under section 68a of this title if he establishes a guaranty received in good faith signed by and containing the name and address of the person residing in the United States by whom the wool product guaranteed was manufactured and/or from whom it was received, that said wool product is not misbranded under the provisions of this subchapter. Said guaranty shall be either (1) a separate guaranty specifically designating the wool product guaranteed, in which case it may be on the invoice or other paper relating to said wool product; or (2) a continuing guaranty filed with the Commission applicable to all wool products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
(b)Any person who furnishes a false guaranty, except a person relying upon a guaranty to the same effect received in good faith signed by and containing the name and address of the person residing in the United States by whom the wool product guaranteed was manufactured and/or from whom it was received, with reason to believe the wool product falsely guaranteed may be introduced, sold, transported, or distributed in commerce, is guilty of an unfair method of competition, and an unfair and deceptive act or practice, in commerce within the meaning of the Federal Trade Commission Act.

Legislative History

Notes & Related Subsidiaries

Executive Documents

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, § 1, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1264, set out under section 41 of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 68g

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73