The Federal Trade Commission shall prescribe rules pursuant to section 57a of this title to carry out this chapter. Rules so prescribed shall be exempt from the requirements of the Magnuson-Moss Warranty— Federal Trade Commission Improvement Act ( 15 U.S.C. 2301 et seq.). Any such regulations shall be issued in accordance with section 553 of title 5 . The first rules under this section shall take effect not later than 180 days after the effective date of this chapter. ( Pub. L. 108–164, § 8 , Dec. 6, 2003 , 117 Stat. 2026 .) Editorial Notes References in Text The Magnuson-Moss Warranty— Federal Trade Commission Improvement Act, referred to in text, is Pub. L. 93–637 , Jan. 4, 1975 , 88 Stat. 2183 . Title I of the Act is classified generally to chapter 50 (§ 2301 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2301 of this title and Tables. For effective date of this chapter, referred to in text, see section 12 of Pub. L. 108–164 , set out as an Effective Date note under section 7601 of this title . Statutory Notes and Related Subsidiaries Effective Date Section effective 60 days after Dec. 6, 2003 , see section 12 of Pub. L. 108–164 , set out as a note under section 7601 of this title . CFR Title Parts 16 315