AGRICULTURAL RELIEF 
500 
regulation within each industry by the citizens most vitally affected, with a 
veto power in the National Government, and power of initiative, for the equal 
protection of all. The origin of this plan is the Federal reserve act, to be improved 
upon; also later applications of this industrial democracy have been made in 
other countries. 
(g) The forthcoming system for the restoration of equal rights in the channels 
of trade shall supplement the nation’s antitrust laws, statutory and case law. 
(kh) There is need, also for the stabilization of the price level, as a basis for the 
stabilization of individual prices. 
() An improved agricultural system is provided for in a separate act. 
FEDERAL TRADE SYSTEM 
Sec. 2. There is hereby established the Federal trade system to consist of 
nation-wide self-regulation in interstate and foreign commerce (except as to 
agricultural products) by the citizens most vitally interested, by means of Federal 
trade boards and banking, to take the place of trade associations in interstate 
commerce, and be subject to supervision by the reconstructed Federal Trade 
Commission, with its policies to be subject to the approval of the policy- 
determining branch of the National Government. 
FEDERAL TRADE COMMISSION 
Sec. 3. The existing Federal Trade Commission shall become part of the 
Department of Commerce. The said commission shall consist of the Secretary 
of Commerce, who is the representative of the President, and be aided by eight 
assistant commissioners, to hold office at the will of the Secretary of Commerce; 
and each decision as to public policy, as distinguished from the decision of a 
question of fact, shall be subject to the approval of the policv-determining branch 
of the National Government. 
APPROVAL BY CONGRESS 
Sec. 4. (a) Each decision by the Federal Trade Commission as to public policy 
shall be subject to the approval by the people’s elected Representatives who by 
the Constitution are clothed with jurisdiction to decide the questions of national 
policy. To them shall be mailed a copy of each decision by the Federal Trade 
Commission, and upon request by a committee of either House of Congress, or 
the written request of 25 per cent of the Members of either House, or a request 
by the President, a decision by the Federal Trade Commission as to national 
policy shall be taken up promptly by Congress and be put to a yea and nay vote, 
the issue to be, ‘Does the Congress sustain the decision by the commission?” 
The action taken by Congress shall be placed before the President for an expres- 
sion of judgment, and in case of disapproval of the action taken by Congress the 
issue shall be returned to Congress for the procedure provided for a vetoed 
measure. 
(bh) This right by Congress to call for a vote shall exist during the 40 days of 
the session of the two Houses following the date of the mailing of the copies of 
the decision by the commission.! 
(c) Until the expiration of the time for a request for a vote by Congress, the 
verdict by the commission shall not be enforced except in an emergencv, to be 
described bv the commission 
APPEAL TO THE JUDICIAL DEPARTMENT 
Sec. 5. To the extent that the decisions by the Federal Trade Commission are 
by the Constitution appealable to the judicial department, the commission 
shall prescribe the details whereby an appeal to the said department may be 
taken; and may include such other lines of decisions as in its judgment should 
be appealable to the Federal courts. 
1 The above proposal is the system in use in the British Parliament for the ratification of the rules framed 
by the administrative departments, supplemental to the statutes. By means of this procedure the sover- 
eignty of the people's representatives in the legislative department is maintained, and always the ones 
who frame an administrative rule have in mind the possible objectors in Parliament, who can secure a vote. 
Each year in Britain the bulk of these administrative rules that are almost wholly adopted by implied 
acceptance, exceeds the number of pages of statutes. Here in the United States it is high time that the 
legislative department shall insist on its dominancy—the ending of trickery in behalf of the busines: 
interests.