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United States Code
U.S.C. Title 15-COMMERCE AND TRADE
CHAPTER 2-FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND PREVENTION OF UNFAIR METHODS OF COMPETITION
SUBCHAPTER I-FEDERAL TRADE COMMISSION

15 U.S. Code § 57b-4

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Good faith reliance on actions of Board of Governors

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15 U.S. Code § 57b-4. Good faith reliance on actions of Board of Governors

(a) “Board of Governors” defined

For purposes of this section, the term “Board of Governors’ means the Board of Governors” of the Federal Reserve System.

(b) Use as defenseNotwithstanding any other provision of law, if—

(1)

any person, partnership, or corporation engages in any conduct or practice which allegedly constitutes a violation of any Federal law with respect to which the Board of Governors of the Federal Reserve System has rulemaking authority; and

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The United States Code on COSMOS is current through Public Law 118-64 (05/24/2024).

SUBCHAPTER I-FEDERAL TRADE COMMISSION

§41 Federal Trade Commission established; membership; vacancies; seal
§42 Employees; expenses
§43 Office and place of meeting
§44 Definitions
§45 Unfair methods of competition unlawful; prevention by Commission
§45a Labels on products
§45b Consumer review protection
§45c Unfair and deceptive acts and practices relating to circumvention of ticket access control measures
§45d Unfair or deceptive acts or practices with respect to substance use disorder treatment service and products
§45e Office for the prevention of fraud targeting seniors
§45f Collection, verification, and disclosure of information by online marketplaces to inform consumers
§46 Additional powers of Commission
§46a Concurrent resolution essential to authorize investigations
§47 Reference of suits under antitrust statutes to Commission
§48 Information and assistance from departments
§49 Documentary evidence; depositions; witnesses
§50 Offenses and penalties
§51 Effect on other statutory provisions
§52 Dissemination of false advertisements
§53 False advertisements; injunctions and restraining orders
§54 False advertisements; penalties
§55 Additional definitions
§56 Commencement, defense, intervention and supervision of litigation and appeal by Commission or Attorney General
§57 Separability clause
§57a Unfair or deceptive acts or practices rulemaking proceedings
§57a-1 Omitted
§57b Civil actions for violations of rules and cease and desist orders respecting unfair or deceptive acts or practices
§57b-1 Civil investigative demands
§57b-2 Confidentiality
§57b-2a Confidentiality and delayed notice of compulsory process for certain third parties
§57b-2b Protection for voluntary provision of information
§57b-3 Rulemaking process
§57b-4 Good faith reliance on actions of Board of Governors
§57b-5 Agricultural cooperatives
§57c Authorization of appropriations
§57c-1 Staff exchanges
§57c-2 Reimbursement of expenses
§58 Short title

U.S. Code Popular Name Table

Popular Names

Americans with Disabilities Act 42 U.S.C. § 12101 et seq.

Anti-Kickback Statute 42 U.S.C. § 1320a–7b(b)

Clayton Act 15 U.S.C. § 12 et seq.

Clean Air Act 42 U.S.C. § 7401 et seq.

Commodity Exchange Act 7 U.S.C. § 1

Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) 42 U.S.C. § 9601 et seq.

Controlled Substances Act 21 U.S.C. § 801 et seq.

Emergency Medical Treatment and Labor Act (EMTALA) 42 U.S.C. § 1395dd

Fair Credit Reporting Act 15 U.S.C. § 1681

False Claims Act 31 U.S.C. § 3729 et seq.

Federal Food, Drug, and Cosmetic Act 21 U.S.C. § 301 et seq.

Federal Insecticide, Fungicide, and Rodenticide Act 7 U.S.C. § 136 et seq.

Federal Trade Commission Act 15 U.S.C. § 41 et seq.

Foreign corrupt Practices Act 15 U.S.C. § 78dd-1 et seq.

Fraud Enforcement and Recovery Act of 2009 (FERA) 18 U.S.C. § 27

Health Information Technology for Economic and Clinical Health Act (HITECH) 42 U.S.C. § 300jj et seq., 42 U.S.C. § 17901 et seq.

Health Insurance Portability and Accountability Act of 1996 (HIPAA) 42 U.S.C. § 201

National Environmental Policy Act (NEPA) 42 U.S.C. § 4321 et seq.

Patient Protection and Affordable Care Act 42 U.S.C. § 18001 et seq.

Physician Payments Sunshine Act 42 U.S.C. § 1320a–7h

Public Health Service Act 42 U.S.C. § 201 et seq.

Resource Conservation and Recovery Act (RCRA) 42 U.S.C. § 6901 et seq.

Robinson–Patman Act 15 U.S.C. § 13

Sarbanes-Oxley Act 15 U.S.C. § 7201 et seq.

Securities Act of 1933 15 U.S.C. § 77a et seq.

Sentencing Reform Act of 1984 18 U.S.C. § 3551 et seq.

Sherman Act 15 U.S.C. § 1 et seq.

Social Security Act 42 U.S.C. § 301 et seq.

Stark Law 42 U.S.C. § 1395nn

Toxic Substances Control Act 15 U.S.C. § 2601 et seq.

Good faith reliance on actions of Board of Governors

15 U.S. Code § 57b-4. Good faith reliance on actions of Board of Governors

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