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

submitted 48 years ago by Pub. L. 95-621 to r/title-15-COMMERCE-AND-TRADE · 114 words · no verdicts yet

in plain englishAI-generated · not legal advice

Unless another provision says otherwise, the Commission administers this chapter and may take necessary actions and issue rules and orders. It may define accounting, technical, and trade terms consistently with the chapter’s definitions.

(a) Unless expressly stated otherwise, the Commission administers this chapter. The Commission, and any Federal officer or agency given or delegated a function under this chapter, may take all necessary or appropriate actions, including enforcement, and may prescribe, issue, amend, or rescind rules and orders needed to perform its functions. (b) Unless expressly stated otherwise, the Commission may define by rule accounting, technical, and trade terms used in this chapter. A definition must be consistent with the definitions in this chapter.

the actual law source: uscode.house.gov ↗public domain
(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.

Source credit: (Pub. L. 95–621, title V, § 501, Nov. 9, 1978, 92 Stat. 3396; Pub. L. 101–60, § 3(b)(4), July 26, 1989, 103 Stat. 159.)

history & why it existsrecord from the source credit
  • 1978Enacted · Pub. L. 95-621 · 92 Stat. 3396
  • 1989Amended · Pub. L. 101-60 · 103 Stat. 159

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-621 on 1978-11-09.

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