Sindelar, Christine (2010). Unfair competition is prohibited in the United States. (Reprinted from Wilson, Woodrow. Federal Trade Commission Act (1914), Retrieved February 23, 2021 from https://www.ftc.gov/enforcement/statutes/federal-trade-commission-act)
15 U.S.C. §§ 41-58, as amended
The Federal Trade Commission Act is the primary statute of the Commission. Under this Act, as amended, the Commission is empowered, among other things, to (a) prevent unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce; (b) seek monetary redress and other relief for conduct injurious to consumers; (c) prescribe rules defining with specificity acts or practices that are unfair or deceptive, and establishing requirements designed to prevent such acts or practices; (d) gather and compile information and conduct investigations relating to the organization, business, practices, and management of entities engaged in commerce; and (e) make reports and legislative recommendations to Congress and the public. A number of other statutes listed here are enforced under the FTC Act.
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