Federal Trade Commission Act
/ˈfɛdərəl treɪd kəmˈmɪʃən ækt/
Definitions
- (n.) A U.S. federal law enacted in 1914 aimed at preventing unfair business practices and promoting competition by establishing the Federal Trade Commission.
The Federal Trade Commission Act empowers the FTC to regulate anticompetitive practices.
Forms
- federal trade commission act
Related terms
See also
Commentary
The Act is foundational for U.S. competition law, primarily enforced by the FTC; it prohibits unfair methods of competition distinct from those covered by the Sherman Act.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.