Sec. 7. Enforcement and review by the Federal Trade Commission
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A violation of this Act or any rule approved pursuant to subsection
(d)shall be treated as a violation of a rule defining an unfair or deceptive act or practice prescribed under section 18(a)(1)(B) of the Federal Trade Commission Act ( 15 U.S.C. 57a(a)(1)(B) ). The Commission shall enforce this Act and any rule approved pursuant to subsection
(d)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 Act. Notwithstanding section 4 of the Federal Trade Commission Act ( 15 U.S.C. 44 ) or any jurisdictional limitation of the Commission, the Commission shall also enforce this Act and any rule approved pursuant to subsection
(d)in the same manner provided in paragraph (1), with respect to organizations not organized to carry on business for their own profit or that of their members. Any person who violates this Act or any rule approved pursuant to subsection
(d)shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act ( 15 U.S.C. 41 et seq.). The Commission shall have the right to intervene in any action brought by the Entity with respect to any violation of this Act or any rule approved pursuant to subsection (d). In any case in which an action is instituted by or on behalf of the Commission for any violation of this Act or any rule approved pursuant to subsection (d), the Entity may not, during the pendency of that action, institute an action under this Act against any defendant named in the complaint in that action for violation of such Act or rule. In accordance with such rules as the Commission may prescribe, any person subject to a final decision by the Board under section 6(e)(6) may obtain review by the Commission of such decision. The Entity shall file with the Commission, in accordance with such rules as the Commission may prescribe, copies of any proposed rule or modification to any rule developed by the Entity under section 6(e)(1) (in this subsection referred to as a proposed rule ). The Commission shall publish a proposed rule filed under paragraph
(1)and provide interested persons an opportunity to comment. Not later than 45 days after a proposed rule is published under paragraph (2), the Commission shall approve or disapprove the proposed rule. The Commission shall approve a proposed rule if the Commission finds that the proposed rule is consistent with the requirements and purposes of this Act. A proposed rule shall not take effect unless such rule has been approved by the Commission.
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