Federal Trade Commission Act

The Federal Trade Commission (FTC) Act, enacted in 1914, established the Federal Trade Commission, an agency tasked with promoting fair competition and preventing deceptive business practices. The Act prohibits unfair methods of competition and deceptive acts affecting commerce, aiming to protect consumers and ensure a level playing field for businesses. By enforcing these regulations, the FTC helps prevent fraud, misleading advertising, and other practices that could harm consumers or reduce market competition, ultimately supporting a healthier economy.