Federal Trade Commission Act
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The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) (FTC Act) established the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the president of the United States for seven-year terms.
The FTC Act was one of President Woodrow Wilson's major acts against trusts.[1] Trusts and trust-busting were significant political concerns during the Progressive Era. 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 U.S. Congress for judicial matters. It passed the Senate by a 43-5 vote on September 8, 1914, and, without a tally of yeas and nays, it passed the House on September 10.
References[edit]
- ^ Udell, Gerald; Fischer, Philip (1977). "The FTC Improvement Act". Journal of Marketing (JSTOR) 41 (2): 81.
External links[edit]
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