What US Federal Trade Commission Act - 15 USC 45 Unfair Methods of Competition and Unfair or Deceptive Acts or Practices requires
15 USC 45 (FTC Act section 5) is the foundational federal consumer protection and competition statute administered by the Federal Trade Commission. Subsection (a)(1) declares that unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful. Subsection (a)(2) empowers and directs the Commission to prevent persons, partnerships, or corporations (other than banks, savings and loan institutions, federal credit unions, common carriers subject to the Acts to regulate commerce, air carriers and foreign air carriers subject to part A of subtitle VII of title 49, and persons, partnerships, or corporations insofar as they are subject to the Packers and Stockyards Act, 1921, as amended) from using unfair methods of competition in or affecting commerce and unfair or deceptive acts or practices in or affecting commerce. Subsection (b) governs Commission complaint and order procedures: the FTC may issue and serve a complaint, hold a hearing on not less than thirty days notice, and issue a cease and desist order after finding a method of competition or act or practice is prohibited. Subsection (c) provides court review by the United States court of appeals within 60 days of order service. Subsection (l) provides civil penalties of not more than $10,000 for each violation of a final cease and desist order, and subsection (m) provides civil penalties for knowing violations of FTC rules defining unfair or deceptive acts or practices. Subsection (n) (added by the FTC Act Amendments of 1994) provides the unfairness standard: the Commission shall have no authority to declare unlawful an act or practice on the grounds that such act or practice is unfair unless the act or practice causes or is likely to cause substantial injury to consumers which is not reasonably avoidable by consumers themselves and not outweighed by countervailing benefits to consumers or to competition.
Pillar: Sales, Marketing & PR · Authority: US Congress / Federal Trade Commission · Version: 1.0.0 · Last updated:
Primary source: https://www.govinfo.gov/link/uscode/15/45
SHA-256 integrity: 496416441d4af019c33031a76edb276d4894fe37e09074375633aba02d1ef581
Primary Citations — 9 traced to source
- 15 USC 45 - Unfair methods of competition unlawful; prevention by Commission - statutory text at https://www.govinfo.gov/link/uscode/15/45
- 15 USC 45(a)(1) - declaration that unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful
+ 7 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/us-15-usc-45-ftc-act-unfair-deceptive-practices.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-15-usc-45-ftc-act-unfair-deceptive-practices.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-15-usc-45-ftc-act-unfair-deceptive-practices
- Back to registry: Browse all 10,085 compliance nodes