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Federal Trade Commission Act
Federal Trade Commission Act
• List of competition regulators
Competition law Basic concepts • History of competition law • Monopoly • Coercive monopoly • Natural monopoly • Barriers to entry • Market power • SSNIP test • Relevant market • Merger control Anti-competitive practices • Monopolization • Collusion • Formation of cartels • Price fixing • Bid rigging • Product bundling and tying • Refusal to deal • Group boycott • Exclusive dealing • Dividing territories • Conscious parallelism • Predatory pricing • Misuse of patents and copyrights Laws and doctrines United States • Sherman Antitrust Act • Clayton Antitrust Act • Robinson-Patman Act • FTC Act • Hart-Scott-Rodino Act • Merger guidelines • Essential facilities doctrine • Noerr-Pennington doctrine • Rule of reason Europe • UK competition law • Irish competition law Australia • Trade Practices Act 1974 Enforcement authorities and organizations • International Competition Network
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. 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.
External links
• Full text of current act, from the Legal Information Institute. This United States federal legislation article is a stub. You can help Wikipedia by expanding it.
Retrieved from "http://en.wikipedia.org/wiki/Federal_Trade_Commission_Act"
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From Wikipedia, the free encyclopedia
Federal Trade Commission Act
Categories: 1914 in law, Federal Trade Commission, United States federal government administration legislation, United States federDM.DS,G./,/S,G/S.,/S MG,SJMG,.MS,MS,.Mal trade legislation, United States federal antitrust legislation, 1914 in the United States, United States federal legislation stubs This page was last modified on 16 January 2009, at 19:44 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers
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