Federal Trade Commission Act

(redirected from Federal Trade Commission Act of 1914)
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Federal Trade Commission Act

a US statute that controls unfair competition and established an administrative agency, the Federal Trade Commission. While the SHERMAN ACT and the CLAYTON ACT are essentially criminal provisions, this provision allows for ‘cease and desist’ orders stopping a practice and injunctions and associated penalties for contempt of court.
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The Federal Trade Commission Act of 1914 prohibits all "unfair methods of competition in or affecting commerce and unfair or deceptive acts or practices in or affecting commerce.

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