PART V. RADIO AND PERIODICAL ADVERTISING Page Special procedure provides continuous survey of published and broadcast matter... 131 PART VI. MEDICAL ADVISORY SERVICE Furnishes opinions in cases concerning advertisement of food, drugs, devices, and cosmetics--- PART VII. FOREIGN TRADE WORK The Export Trade Act.. Exports in 1940 total $307,354,000-- 45 associations operate under the act-- Trust laws and unfair competition abroad___ PART VIII. FISCAL AFFAIRS Appropriation act providing funds for Commission work.... APPENDIXES Federal Trade Commission Act_____ Clayton Act.. Robinson-Patman Act.. Export Trade Act__.. Wool Products Labeling Act of 1939. Sherman Act____. Millard Tydings Act. Rules of practice-- Statement of policy... 141 145 146 146 147 161 161 163 167 175 180 181 182 187 188 188 198 199 223 INTRODUCTION DUTIES OF THE COMMISSION GENERAL LEGAL ACTIVITIES TRADE PRACTICE CONFERENCE PROCEDURE WOOL PRODUCTS LABELING ACT GENERAL INVESTIGATIONS NATIONAL DEFENSE ACTIVITIES WORK FOR CONGRESSIONAL COMMITTEES TEMPORARY NATIONAL ECONOMIC COMMITTEE THE COMMISSIONERS AND THEIR DUTIES HOW THE COMMISSION'S WORK IS HANDLED RECOMMENDATIONS ANNUAL REPORT OF THE FEDERAL TRADE COMMISSION FOR THE FISCAL YEAR ENDED JUNE 30, 1941 INTRODUCTION DUTIES OF THE COMMISSION The Federal Trade Commission herewith submits its report for the fiscal year July 1, 1940, to June 30, 1941. Organized March 16, 1915, under the Federal Trade Commission Act, approved September 26, 1914, which was amended March 21, 1938, the Commission is an administrative agency of the Federal Government. In performing its functions, the Commission's duties fall into two categories: (1) Legal activities in enforcement of the laws it administers, and (2) general investigations of economic conditions in domestic industry and interstate and foreign commerce. Legal activities1 have to do with (1) prevention and correction of unfair methods of competition and unfair or deceptive acts or practices, in accordance with the Federal Trade Commission Act, in which it is declared that unfair methods of competition and unfair or deceptive acts or practices in commerce are unlawful; (2) administration of section 2 of the Clayton Act, as amended by the RobinsonPatman Act, dealing with price and other discriminations, and sections 3, 7, and 8 of the Clayton Act dealing with tying and exclusive dealing contracts, acquisitions of capital stock, and interlocking directorates, respectively, and (3) administration of the Webb-Pomerene or Export Trade Act, for the promotion of foreign trade by permitting the organization of associations to engage exclusively in expert trade and granting such associations exemption from the Sherman Antitrust Act under certain well-defined restrictions, including the 1 Concerning special and limited fields excepted from the Commission's jurisdiction, see second paragraph of sec. 5 of the Federal Trade Commission Act, p. 168, and sec. 11 of the Clayton Act, p. 178. |