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The Federal Trade Commission was created on September 26, 1914, when President Woodrow Wilson signed the Federal Trade Commission Act into law. The FTC opened its doors on March 16, 1915. Our mission is to protect consumers and promote competition. Our Building
When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices.
In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton Act. With some revisions, these are the three core federal antitrust laws still in effect today.
Under this Act, as amended, the Commission is empowered, among other things, to (a) prevent unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce; (b) seek monetary redress and other relief for conduct injurious to consumers; (c) prescribe rules defining with specificity acts or practices that are ...
We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. View Enforcement Search or browse
§ 41. Federal Trade Commission established; membership; vacancies; seal (Sec. 1) 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.
the rule of reason. It culminated in 1914, when Woodrow Wilson was President and Congress passed the Federal Trade Commission and Clay-ton Acts. This study examines the Presidents, advisers, and legislators, part of a “second golden age of American politics,”12 who grappled 6 38 PWW, supra note 5, at 336, 340–41.
SCOTT JAMES, PRESIDENTS, PARTIES AND THE STATE: A PARTY SYSTEM PERSPECTIVE ON DEMOCRATIC REGULATORY CHOICE, 1884–1936 (2000). James examines the development of the Federal Trade Commission Act of 1914 (as well as the Interstate Commerce Act of 1887 and the Public Utility Holding Company Act of 1935).
We are the only federal agency that deals with consumer protection and competition issues in broad sectors of the economy. Every day we: Pursue strong and effective law enforcement against deceptive, unfair and anticompetitive business practices;
The FTC has the ability to implement trade regulation rules defining with specificity acts or practices that are unfair or deceptive and the Commission can publish reports and make legislative recommendations to Congress about issues affecting the economy.