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The FTC was established in 1914 by the Federal Trade Commission Act, which was passed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act , a key U.S. antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq.
The vast majority of FTC members have been individuals with legal backgrounds, with notable exceptions. President Ronald Reagan appointed the first two professional economists, James C. Miller III [ 54 ] and George W. Douglas , [ 55 ] to serve on the body.
The Federal Trade Commission (FTC) enforces federal antitrust and consumer protection laws by investigating complaints against individual companies initiated by consumers, businesses, congressional inquiries, or reports in the media. The commission seeks to ensure that the nation's markets function competitively by eliminating unfair or ...
Trump's Tariff Threats Go Beyond 'Trade Agreement' To Advance American Interests: Expert. On Tuesday, a judge halted the merger after the FTC filed a lawsuit to block the move, alleging it would ...
NEW YORK (Reuters) -U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday.
WASHINGTON (Reuters) -Lina Khan, who until Monday was an aggressive enforcer of antitrust law as the head of the U.S. Federal Trade Commission (FTC) under former President Joe Biden, will resign ...
After law school, Ferguson was a law clerk to judge Karen L. Henderson of the U.S. Court of Appeals for the District of Columbia Circuit.He practiced antitrust law at the law firms Covington & Burling, Bancroft PLLC, and Sidley Austin, where he represented clients in private antitrust litigation and before the Federal Trade Commission and United States Department of Justice. [2]
The new FTC chair would also oversee a case brought against Meta Platforms, then known as Facebook, in 2020, during Trump’s first term. The agency is seeking to unwind the tech company’s ...