510 
AGRICULTURAL RELIEF 
FEDERAL TRADE BOARDS AND THE COMMISSION 
Sec. 6. (a) For the nation-wide self-regulation by majority rule of the citizens 
most vitally interested in the competitive industries except agriculture, subject 
to Government supervision for the public’s protection, there shall be founded 
Federal jrade boards, to the extent that a product or service enters into inter- 
state or foreign commerce. 
(b) There shall be included the j urisdictions covered by the trade associations 
in interstate commerce as they existed October 1, 1927, and hereafter it shall be 
unlawful for a trade association to operate in two or more States. 
(¢) The jurisdiction of the boards may be rearranged at any time. 
(d) The Federal trade boards shall be coordinated into federations or other 
forms for cooperation, so as to enable the boards to equitably and inexpensively 
Solve Io problems which may arise, such as the relations between manufacturer, 
wholesaler, and retailer. 
we Each Federal trade board may provide districts, each to be in two or more 
ates. 
(f) The Federal Trade Commission shall establish the trade boards and main- 
tain them, using its judgment, and report annually to Congress. 
(9) The Federal Trade Commission shall possess power to veto proposed action 
by a board, and power to initiate policies. 
(h) For each regulation that is installed by the commission it shall mail a 
copy to each Member of the two Houses of Congress and the President, and the 
regulation shall be subject to the approval of Congress, as specified in section 4; 
also each regulation shall be published in the United States Daily, or be referred 
to; and each year the legislative reference division in the Library of Congress 
shall publish a collection of statutory rules and orders. 
Sec. 7. (a) In applying nation-wide self-regulation in industry other than agri- 
culture and in connection with interstate and foreign trade, by the will of the 
majority of the citizens who are most vitally affected, on the basis of equal rights 
to all citizens, thereby to prescribe the nation-wide plane of competition and 
methods of distribution, there may be included: 
(1) Profit sharing as between capital and the workers; (2) a minimum wage 
and maximum hours; together with (3) other factory or mining regulations 
such as a combination of cooperative marketing and private marketing in a 
product; and (4) to regulate the voluntary organizations, such as wage workers 
and employers, by requiring the filing with the board of the agreements which 
take place within the voluntary organizations and pertaining to one or more 
elements in production or distribution. Such parts of a regulation as the Federal 
trade board accepts without a public hearing shall become operative in 40 days 
after filing: Provided, That the power of the Federal trade board shall be limited 
to regulations affecting interstate or foreign commerce until such time as a con- 
stitutional amendment shall authorize the use of nation-wide regulations in indus- 
bry regardless of State lines. 
(b) Emergency—In an emergency, which shall be described in a regulation 
by a voluntary organization, the regulation may be placed in operation subject 
to the approval of the appropriate Federal board. 
{(¢) Procedure.—A regulation by private interests that has been approved b 
a Federal board may be disapproved. Wherever a regulation by private ion 
ests 18 not approved promptly by unanimous vote of the Federal board, there 
ob b © hi date for Dublie hearing, and all of the parties shall be notified, and 
(d) Plenary powers.—Each Federal trade board is authorized to install fur- 
ther details for securing notice to it of regulations by private interests affecting 
y : aah 
St reson mt hort be pep eal id mi 
bain ] ns judgment be helpful in installing and main- 
ing Se rights in interstate and foreign commerce. 
he te ol opprar License —(a) The Federal Trade Commission shall specify 
trade, or in a er ne or iiorsane god fort a 
th E | [ e or foreign trade, shall be 
AL shall have applied for and received a Federal license from the appro- 
5) Back Ped oan, either a trade or an agricultural board. 
each State except Virginia, ove Vhesiped {7 he Jssuiad oi on offic located in 
which sha i +! i) ' 
of a A] Jou be supplied from the National Lh claware. the citizens 
engaged in the i an oor trade organization, because it shall be 
National Govers ant fou hoe faogilanem, shall not be dependent upon the 
ES shall provide its own funds by taxation of 
culated. on the basis of the volume of business.