Federal Trade Commission Act Amendments of 1983

Summary

Federal Trade Commission Act Amendments of 1983 - Amends the Federal Trade Commission Act to deny authority to the Federal Trade Commission (FTC) to find a method of competition unfair if, in any action under the Sherman Act, such method of competition would be held to constitute State action. Denies the FTC use of its authority to prohibit unfair and deceptive acts or practices engaged in by professionals in a particular State if such exercise of authority would invalidate certain State laws. Denies the FTC authority to study investigate or prosecute agricultural cooperative for any conduct not in violation of antitrust Acts. Repeals the authority of the FTC to pay attorneys fees, expert witness fees, and other costs of participating in a rulemaking proceeding. Prohibits the FTC from instituting a civil action, in cases involving consent orders, to obtain civil penalties for unfair or deceptive acts or practices. Permits a district court to review certain FTC determinations of law that an act or practice was unfair or deceptive. Permits the FTC to issue a notice of proposed rulemaking for certain rules only where it has reason to believe that the unfair or deceptive acts or practices are prevalent. Revises the effective dates for cease and desist orders issued by the FTC. Applies FTC civil investigative demand procedures only to acts, practices, or methods of competition declared unlawful by a law. Requires that an unfair act or practice must be likely to cause substantial injury to consumers which is not reasonably avoidable by consumers themselves and not outweighed by countervailing benefits to consumer or to competition. Denies authority to the FTC to cancel the registration of a trademark on the ground that such mark has become the common descriptive name of an article or substance. Excludes Federal credit unions from the FTC's unfair acts and practices regulatory authority. Directs the National Credit Union Administration Board to promulgate and enforce regulations concerning unfair acts and practices by credit unions. Authorizes appropriations for FY 1984 through 1986.

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Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 1 September 1983

  Open at official source

• Introduced in Senate

  summary · EN · 29 July 1983

  Open at official source

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