--- kind: "section" citation: "15 U.S.C. § 65" title: "15" title_heading: "Commerce and Trade" number: "65" heading: "Information required from export trade corporation; powers of Federal Trade Commission" release: "119-102" url: "https://uscodex.org/usc/15/65" units: - "Chapter 2 — Federal Trade Commission; Promotion of Export Trade and Prevention of Unfair Methods of Competition" - "Subchapter II — Promotion of Export Trade" --- # §65. Information required from export trade corporation; powers of Federal Trade Commission Every [association](/usc/15/657h.md?p=a-2) which engages solely in export trade, within thirty days after its creation, shall file with the Federal Trade [Commission](/usc/15/78c.md?p=a-15) a verified written statement setting forth the location of its offices or places of business and the names and addresses of all its officers and of all its stockholders or members, and if a corporation, a copy of its certificate or articles of incorporation and bylaws, and if unincorporated, a copy of its articles or contract of [association](/usc/15/657h.md?p=a-2), and on the 1st day of January of each year every [association](/usc/15/657h.md?p=a-2) engaged solely in export trade shall make a like statement of the location of its offices or places of business and the names and addresses of all its officers and of all its stockholders or members and of all amendments to and changes in its articles or certificate of incorporation or in its articles or contract of [association](/usc/15/657h.md?p=a-2). It shall also furnish to the [Commission](/usc/15/78c.md?p=a-15) such information as the [Commission](/usc/15/78c.md?p=a-15) may require as to its organization business, conduct, practices, management, and relation to other [associations](/usc/15/657h.md?p=a-2), corporations, partnerships, and individuals. Any [association](/usc/15/657h.md?p=a-2) which shall fail so to do shall not have the benefit of the provisions of sections [62](/usc/15/62.md) and [63](/usc/15/63.md) of this title, and it shall also forfeit to the United States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States brought in the district where the [association](/usc/15/657h.md?p=a-2) has its principal office, or in any district in which it shall do business. It shall be the duty of the various United States attorneys, under the direction of the Attorney General of the United States, to prosecute for the recovery of the forfeiture. The costs and expenses of such prosecution shall be paid out of the appropriation for the expenses of the courts of the United States. Whenever the Federal Trade [Commission](/usc/15/78c.md?p=a-15) shall have reason to believe that an [association](/usc/15/657h.md?p=a-2) or any [agreement](/usc/15/7a.md?p=2) made or act done by such [association](/usc/15/657h.md?p=a-2) is in restraint of trade within the United States or in restraint of the export trade of any domestic competitor of such [association](/usc/15/657h.md?p=a-2), or that an [association](/usc/15/657h.md?p=a-2) either in the United States or elsewhere has entered into any [agreement](/usc/15/7a.md?p=2), understanding, or conspiracy, or done any act which artificially or intentionally enhances or depresses prices within the United States of commodities of the class exported by such [association](/usc/15/657h.md?p=a-2), or which substantially lessens competition within the United States or otherwise restrains trade therein, it shall summon such [association](/usc/15/657h.md?p=a-2), its officers, and agents to appear before it, and thereafter conduct an investigation into the alleged [violations](/usc/15/57b–1.md?p=a-7) of law. Upon investigation, if it shall conclude that the law has been violated, it may make to such [association](/usc/15/657h.md?p=a-2) recommendations for the readjustment of its business, in [order](/usc/15/8702.md?p=14) that it may thereafter maintain its organization and management and conduct its business in accordance with law. If such [association](/usc/15/657h.md?p=a-2) fails to comply with the recommendations of the Federal Trade [Commission](/usc/15/78c.md?p=a-15), said [Commission](/usc/15/78c.md?p=a-15) shall refer its findings and recommendations to the Attorney General of the United States for such action thereon as he may deem proper. For the purpose of enforcing these provisions the Federal Trade [Commission](/usc/15/78c.md?p=a-15) shall have all the powers, so far as applicable, given it in the Federal Trade Commission Act [[15 U.S.C. 41](/usc/15/41.md) et seq.]. ## Source credit (Apr. 10, 1918, ch. 50, § 5, 40 Stat. 517; June 25, 1948, ch. 646, § 1, 62 Stat. 909.) ## Notes ### Editorial Notes ### References in Text The Federal Trade Commission Act, referred to in text, is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of this chapter. For complete classification of this Act to the Code, see section 58 of this title and Tables. ### Codification “Federal Trade Commission Act [15 U.S.C. 41 et seq.]” substituted in text for “An Act to create a Federal Trade Commission, to define its powers and duties, and for other purposes,” on authority of section 18 of that Act [15 U.S.C. 58]. ### Statutory Notes and Related Subsidiaries ### Change of Name Act June 25, 1948, eff. Sept. 1, 1948, substituted “United States attorneys” for “district attorneys”. See section 541 of Title 28, Judiciary and Judicial Procedure. ### 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.