More than a half century ago, however, the Supreme Court held that the FTC Act’s prohibition of “unfair methods of competition” reaches everything the Sherman Act reaches and also a “penumbra” of practices that are not technical Sherman Act violations. 311, 38 Stat. Popular Services from Federal Trade Commission. Federal Trade Commission established; membership; vacancies; seal § 42. (h), is act Sept. 26, 1914, ch. 8132. Under federal law, the maximum fine may be increased to twice the amount the conspirators gained from the illegal acts or twice the money lost by the victims of the crime, if either of those amounts is over $100 million. Federal Trade Commission Dates: This rule is effective November 5, 2020. of chapter 2 of this title. The Federal Trade Commission Act bans "unfair methods of competition" and "unfair or deceptive acts or practices." Your in-text citation (whether in prose or parentheses) should direct the reader to the first element in your works-cited list (in other words, the title). The Federal Trade Commission Act established a government commission aimed at preventing unfair and anti-competitive business practices. Report a Fraud/Scam . Government branch: Independent Agency. Office and place of meeting § 44. Faculty ... Federal Trade Commission 90th Anniversary Symposium, 72 A. NTITRUST. The Board has affirmed its authority under section 8 of the Federal Deposit Insurance Act to take 717, as amended, which is classified generally to subchapter I (§41 et seq.) Collect the name of the Act, its location in the U.S. Code (the section number and volume number,) the year of publication, and page numbers that the Act appears on. The act approved September 26, 1914, referred to in subsec. This will either be Civil Rights Act or Title 7 (see the discussion of Federal Statutes above for considerations about which title to begin your entry with). For complete classification of this Act to the Code, see section 58 of this title and Tables. Unfair methods of competition unlawful; prevention by Commission § 45a. Toll Free: 1-877-FTC-HELP (1-877-382-4357) TTY: 1-866-653-4261. Once the Act is cited properly, the writer can place as much relevant information in the paper as they see fit. Antitrust and Trade Regulation Commons, and the Law and Economics Commons Repository Citation Hovenkamp, Herbert J., "The Federal Trade Commission and the Sherman Act" (2010). Section 5(a) of the Federal Trade Commission Act (FTC Act) (15 USC §45) prohibits “unfair or deceptive acts or practices in or affecting commerce.” This prohibition applies to all persons engaged in commerce, including banks. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. § 41. 717, known as the Federal Trade Commission Act, which is classified generally to subchapter I (§41 et seq.) Gather the information required to cite the Federal Act. Register for Do Not Call List. Employees; expenses § 43. Phone Number: 1-202-326-2222. The FTC has explicit antitrust authority to enforce the Clayton Act, although not the Sherman Act. To require the Federal Trade Commission and the Secretary of Commerce to conduct studies and submit reports on the impact of artificial intelligence and other technologies on United States businesses conducting interstate commerce, and for other purposes. Abstract. Main Address: 600 Pennsylvania Ave., NW Washington, DC 20580. Amendments. For complete classification of this Act to the Code, see section 58 of this title and Tables. L.J. Effective Date: 11/05/2020 Document Type: Rule Document Citation: 85 FR 63012 Page: 63012-63014 (3 pages) CFR: The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. H.R. The incorporation by reference of certain publications listed in the rule is approved by the Director of the Federal Register as of November 5, 2020. The Federal Trade Commission Act, referred to in subsecs. Critics believed that even these new anti-monopoly tools were not fully effective. Labels on products § 45b. Contact the Federal Trade Commission. 311, 38 Stat. In GovTrack.us, a database of bills in the U.S. Congress. Definitions § 45. Consumer review protection § 45c. of this chapter. (a) and (b), is act Sept. 26, 1914, ch. The writer can place as much relevant information in the paper as they how to cite the federal trade commission act! Acts or practices. Board has affirmed its authority under section 8 of the Trade! 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