the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act ( 15 U.S.C. 41 et seq. ) were incorporated into and made a part of this section. Any person who violates such subsection or a regulation promulgated under such subsection shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act. (3) Regulations The Federal Trade Commission may promulgate regulations under section 553 of title 5, United States Code, to carry out subsection (a). (c) Effective date This section shall take effect on the date that is one year after the date of the enactment of this Act.