1. Short title This Act may be cited as the 21st Century FTC Act . 2. Rulemaking respecting unfair or deceptive acts or practices The Federal Trade Commission Act ( 15 U.S.C. 41 et seq. ) is amended— (1) in section 18— (A) in subsection (b)— (i) by striking paragraphs (2) and (3); (ii) in paragraph (1), by striking , and shall also and all that follows and inserting a period; and (iii) by striking (1) When prescribing and inserting When prescribing ; (B) by striking subsection (c); (C) in subsection (d)— (i) in paragraph (1)— (I) by striking (A) a statement and all that follows through (B) a statement and inserting a statement ; and (II) by striking ; and (C) a statement and all that follows and inserting a period; and (ii) in paragraph (2)(A), by striking subsections (b) and (c) and inserting subsection (b) ; and (D) in subsection (e)— (i) in paragraph (1)(B), by striking the transcript required by subsection (c)(5), ; (ii) in paragraph (3), by striking , or if and all that follows and inserting the following: , or if the court finds that the Commission’s action is not supported by substantial evidence in the rulemaking record (as defined in paragraph (1)(B) of this subsection) taken as a whole. The term evidence , as used in this paragraph, means any matter in the rulemaking record. ; (iii) in paragraph (5)(C), by striking the first and third sentences; (iv) by striking paragraph (2); and (v) by redesignating paragraphs (3) through (5) as paragraphs (2) through (4), respectively; and (2) in section 22— (A) in subsection (a)(1), by striking or section 18 ; and (B) in subsection (c)— (i) in paragraph (1), by striking , except and all that follows and inserting a period