15 U.S.C. § 3411: General rulemaking authority

Summary

The Commission must run this chapter and can take any action, including enforcement, to carry out its duties. Any federal agency or officer given duties under the chapter may also make, change, or cancel rules and orders needed to do the work. Unless the law says otherwise, the Commission can make rules that define accounting, technical, and trade terms used here, and those definitions must match the chapter.

Title 15, §3411

Commerce and Trade, Source: USLM XML via OLRC

(a)In general

Except where expressly provided otherwise, the Commission shall administer this chapter. The Commission, or any other Federal officer or agency in which any function under this chapter is vested or delegated, is authorized to perform any and all acts (including any appropriate enforcement activity), and to prescribe, issue, amend, and rescind such rules and orders as it may find necessary or appropriate to carry out its functions under this chapter.

(b)Authority to define terms

Except where otherwise expressly provided, the Commission is authorized to define, by rule, accounting, technical, and trade terms used in this chapter. Any such definition shall be consistent with the definitions set forth in this chapter.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1989—Subsec. (c). Pub. L. 101–60 struck out subsec. (c) which authorized Commission to delegate to any State agency (with consent of such agency) any of its functions with respect to section 3315, 3316(b), and 3319(a)(1) and (3) of this title.

Statutory Notes and Related Subsidiaries

Effective Date

of 1989 AmendmentAmendment by Pub. L. 101–60 effective Jan. 1, 1993, see section 3(b) of Pub. L. 101–60, set out as a note under section 3372 of this title.

§3411 General Rulemaking Authority