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FEDERAL TRADE COMMISSION ACT

Organic Statute Language

"A commission is created and established, to be known as the Federal Trade Commission (hereinafter referred to as the Commission), which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the Commissioners shall be members of the same political party. No Commissioner shall engage in any other business, vocation, or employment."

 

"Any Commissioner may be removed by the President for inefficiency, neglect of duty, or malfeasance in office. A vacancy in the Commission shall not impair the right of the remaining Commissioners to exercise all the powers of the Commission."

 

"The Commission shall have an official seal, which shall be judicially noticed."

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15 U.S.C. Sec. 41.

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More information on the history of the Federal Trade Commission Act can be found here.

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The Federal Trade Commission has jurisdiction to enhance consumer welfare and protect competition in broad sectors of the economy. The Commission enforces the laws that prohibit business practices that are anticompetitive, deceptive, or unfair to consumers; promotes informed consumer choice and public understanding of the competitive process; and seeks to accomplish its mission without impeding legitimate business activity.

 

The Federal Trade Commission was established in 1914 by the Federal Trade Commission Act (15 U.S.C. 41-58). 

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The Code of Federal Regulations (CFR), which is the codification of the general and permanent rules in the Federal Register by the FTC can be found here​.

 

Federal Antitrust and Trade Regulation cases can be accessed here. These cases relate to the "promotion of competition, the prevention of monopoly, and the regulation of domestic trade and commerce. Coverage begin with 1789 (Westlaw).

 

Regulations concerning the Federal Trade Commission Act can be accessed here. While many of these regulations appear in Title 15, a comprehensive review of antitrust rules requires consulting multiple titles (e-CFR).
 

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