1. Federal Trade Commission

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      ...lves, so too does the need for regulation. In 2016 we saw a great deal of hype around the introduction of the FTC guidelines. People got really worried, and I’m not sure why. Rules and regulations are the signs of a heal...
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  2. About Federal Trade Commission

    Federal Trade Commission

    The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of "consumer protection" and the elimination and prevention of what regulators perceive to be "anti-competitive" business practices.

    The Federal Trade Commission Act was one of President Wilson's major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15|41 et seq. Over time, the FTC has been delegated the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations).

    The FTC deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

    The Federal Trade Commission is headed by five Commissioners who are nominated by the President and confirmed by the United States Senate. Under the FTC Act, no more than three Commissioners may be from the same political party. A Commissioner's term of office is seven years, and the terms are staggered so that in a given year no more than one Commissioner's term expires (although in certain years no Commissioner's term expires and in years where Commissioners choose to step down, more than one new Commissioner may be appointed).

  3. Quotes about Federal Trade Commission

    1. The staff (at the U.S. Federal Trade Commission) believes there is a significant competitive problem and they are prepared to make a recommendation to sue.
      In FTC Staff To Recommend Against Google-AdMob Deal