Federal Trade Commission Act
Encyclopedia
The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) started the Federal Trade Commission
(FTC), a bipartisan body of five members appointed by the president of the United States
for seven-year terms. 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.
Federal Trade Commission
The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act...
(FTC), a bipartisan body of five members appointed by the president of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
for seven-year terms. This commission was authorized to issue “cease and desist
Cease and desist
A cease and desist is an order or request to halt an activity and not to take it up again later or else face legal action. The recipient of the cease-and-desist may be an individual or an organization....
” 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.
External links
- Full text of current act, from the Legal Information InstituteLegal Information InstituteThe Legal Information Institute is a non-profit, public service of Cornell Law School that provides no-cost access to current American and international legal research sources online at . The organization is a pioneer in the delivery of legal information online. Founded in 1992 by Peter Martin and...
.