Federal Trade Commission Act

Federal Trade Commission Act

The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, "as amended") established the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the President of the United States for seven year terms. This Commission was authorized to issue "Cease and Desist" orders to large corporations to curb unfair trade practices. This Act also gave more flexibility to the US congress for judicial matters.

The agency was created during the presidency of Woodrow Wilson and was part of the Progressive Era reforms.

Section 5. Unfair methods of competition and deceptive practices declared to be illegal.

Under this Act, the FTC 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 trade regulation rules defining with specificity acts or practices that are unfair or deceptive, and establishing requirements designed to prevent such acts or practices; (d) conduct investigations relating to the organization, business, practices, and management of entities engaged in commerce; and (e) make reports and legislative recommendations to Congress. [Citation Needed]


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Federal Trade Commission Act — a US statute that controls unfair competition and established an administrative agency, the Federal Trade Commission. While the Sherman Act and the Clayton Act are essentially criminal provisions, this provision allows for cease and desist orders …   Law dictionary

  • Federal Trade Commission — Infobox Government agency agency name = Federal Trade Commission logo = logo width = logo caption = seal width = 150 px seal caption = Official seal formed = September 26, 1914 preceding1 = Bureau of Corporations jurisdiction = Federal government …   Wikipedia

  • Federal Trade Commission — Pour les articles homonymes, voir FTC. Federal Trade Commission …   Wikipédia en Français

  • Federal Trade Commission (FTC) — 1914 gemäß ⇡ Federal Trade Commission Act errichtete amerikanische Kartellbehörde; Sitz in Washington, D.C. Neben der Antitrust Division des Justizministers für die Einhaltung des Wettbewerbsrechts zuständig; daneben Durchsetzung der Vorschriften …   Lexikon der Economics

  • Federal Trade Commission — FTC The US government agency established in 1915 by the Federal Trade Commission Act (1914) to promote free and fair competition in interstate commerce and to prevent unfair methods of competition. Its wide brief covers takeovers, mergers,… …   Big dictionary of business and management

  • Federal Trade Commission Act — amerikanisches Gesetz von 1914 zur Errichtung einer Kartellbehörde mit Aufgaben in der ⇡ Antitrust Gesetzgebung …   Lexikon der Economics

  • Federal Trade Commission — FTC Staatliche Ebene Bund Stellung der Behörde Unabhängige …   Deutsch Wikipedia

  • Trade Commission Act — A federal statute, enacted in 1914, establishing the Federal Trade Commission, declaring unfair methods of competition and unfair or deceptive acts or practices in commerce to be unlawful, and empowering the Trade Commission to prevent the use of …   Ballentine's law dictionary

  • Trade Commission — A federal agency established by the Federal Trade Commission Act and empowered and directed by such Act to prevent the use of methods, acts or practices declared unlawful by the Act. 52 Am J1st Tradem § 198. An agency established by the Federal… …   Ballentine's law dictionary

  • Federal Trade Commission — Agency of the federal government created in 1914. The Commission s principal functions are to promote free and fair competition in interstate commerce through prevention of general trade restraints such as price fixing agreements, false… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”