Federal Trade Commission Act (1914)
The Federal Trade Commission Act of 1914 is a United States federal law that established the Federal Trade Commission (FTC) to promote consumer protection and prevent anticompetitive business practices. The Act was signed into law by President Woodrow Wilson on September 26, 1914.
The main purpose of the Federal Trade Commission Act is to prevent unfair methods of competition in commerce. The FTC is empowered to investigate and enforce laws against deceptive advertising, fraud, and monopolistic practices. The agency also works to promote competition and protect consumers from unfair business practices.
Some examples of the FTC’s enforcement actions include filing lawsuits against companies for false advertising, deceptive marketing practices, and anticompetitive behavior. The FTC has the authority to issue fines, cease and desist orders, and other penalties against businesses that violate the Act.
Overall, the Federal Trade Commission Act of 1914 plays a crucial role in regulating business practices and protecting consumers in the United States.
- Preventing unfair methods of competition
- Enforcing laws against deceptive advertising
- Promoting competition and consumer protection
For more information, you can visit the Wikipedia page on the Federal Trade Commission Act of 1914.