; or (II) imply or encourage illegal use of the advertised or marketed product; and (ii) advertising or marketing of semiautomatic assault weapons. (2) Report Not later than 2 years after the date of the enactment of this section, the Commission shall submit to Congress a report on the study conducted under paragraph (1), together with such recommendations for legislation or administrative action as the Commission determines appropriate. (3) Exemption from Paperwork Reduction Act Subchapter I of chapter 35 of title 44, United States Code, shall not apply to the collection of information under paragraph (1). (b) Regulations (1) In general Not later than 18 months after submitting the report required by subsection (a)(2), the Commission shall promulgate regulations under section 553 of title 5, United States Code, to prohibit any manufacturer, dealer, or importer of firearms from engaging in any unfair or deceptive act or practice related to the advertising or marketing of firearms. (2) Requirements In promulgating regulations under paragraph (1), the Commission shall address— (A) unfair or deceptive advertising or marketing that— (i) may be designed to appeal to individuals who are younger than 18 years of age; (ii) may imply or encourage illegal use of the advertised or marketed product; or (iii) relates to the sale of semiautomatic assault weapons