Federal Trade Commission Act of 1914

The Federal Trade Commission Act of 1914 is a US federal law that established the Federal Trade Commission, outlawing unfair methods of competition and practices that affect commerce. The act was signed into law by President Woodrow Wilson in 1914 and was part of a larger antitrust movement that began with the Sherman Antitrust Act of 1890. The act prohibits unfair methods of competition, unfair or deceptive acts or practices in or affecting commerce, and empowers the FTC to enforce its provisions against all persons, partnerships, or corporations with certain exceptions. The Commission enforces the act through federal rulemaking authority, adjudicatory powers, and statutory authority to file civil actions, and does not give consumers the right to sue for violations of the act but allows them to complain to the Commission.learn more on wikipedia