; and (ii) may be provided through the general financial aid budget of an institution of higher education. (3) Rule of construction Nothing in this subsection may be construed to prohibit an institution of higher education from revoking the grant-in-aid of a student athlete or former student athlete who does not remain in good standing in accordance with the standards or code of conduct of the institution of higher education. 8. Enforcement (a) Unfair or deceptive acts or practices A violation under section 3 or 6 of this Act shall be treated as an unfair or deceptive act or practice under section 5(a)(1) of the Federal Trade Commission Act ( 15 U.S.C. 45(a)(1) ). (b) Powers of the Federal Trade Commission (1) In general The Federal Trade Commission shall enforce section 3 and 6 in 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 part of this Act. (2) Privileges and immunities Any person who violates this Act shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act (15 U.S.C. et seq.). (3) Rules of construction (A) No power to prescribe rules Nothing in this Act or any other provision of Federal law may be construed to authorize or permit the Federal Trade Commission to prescribe or promulgate any rule or regulation with respect to any act, practice, or conduct under by this Act. (B) Authority preserved Nothing in this section shall be construed to limit the authority of the Federal Trade Commission under any other provision of law. (c) Prohibiting unfair and deceptive practices by third parties The Sports Agent Responsibility and Trust Act ( 15 U.S.C. 7801 et seq. ) is amended— (1) in section 2 ( 15 U.S.C. 7801 )— (A) by redesignating paragraphs (4), (5), (6), (7), (8), and (9) as paragraphs (5), (6), (8), (9), (10), and (11), respectively