§ 41.
A commission is created and established, to be known as the Federal Trade Commission (hereinafter referred to as the Commission), which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the Commissioners shall be members of the same political party. The first Commissioners appointed shall continue in office for terms of three, four, five, six, and seven years, respectively, from September 26, 1914
([Sept. 26, 1914, ch. 311, § 1], [38 Stat. 717]; [Mar. 21, 1938, ch. 49, § 1], [52 Stat. 111]; 1950 Reorg. Plan No. 8, § 3, eff. May 24, 1950, 15 F.R. 3175, [64 Stat. 1265].)