Federal Trade Commission Act of 1914
The Federal Trade Commission Act of 1914 was passed by the United States Congress to establish the Federal Trade Commission (FTC) and give it the authority to investigate and enforce laws against unfair methods of competition and unfair or deceptive acts or practices in interstate commerce.
The Act prohibits unfair methods of competition and unfair or deceptive acts or practices that affect commerce. It also gives the FTC the power to issue cease and desist orders, conduct investigations, and hold hearings on antitrust violations.
Key Provisions of the Act include:
Section 5: Prohibits unfair methods of competition and unfair or deceptive acts or practices. Section 6: Gives the FTC the power to investigate and issue cease and desist orders. Section 7: Allows the FTC to hold hearings on antitrust violations.The Federal Trade Commission Act of 1914 has been instrumental in shaping the laws and regulations governing competition in the United States and has helped to protect consumers from unfair business practices.
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