Federal Trade Commission
Pages | 431-435 |
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FEDERAL TRADE COMMISSION
600 Pennsylvania Avenue NW., Washington, DC 20580
Phone, 202-326-2222. Internet, www.ftc.gov.
Chairman Timothy J. Muris
Executive Assistant James C. Hamill
Commissioners Sheila F. Anthony, Thomas B. Leary, Orson Swindle, Mozelle W. Thompson
Executive Director Rosemarie A. Straight
Deputy Executive Director Judith Bailey
Chief Information Officer Richard G. Turner
Chief Financial Officer Henry Hoffman
Director, Bureau of Competition Molly S. Boast, Acting
Deputy Director Michael E. Antalics
Director, Bureau of Consumer Protection Jodie Bernstein
Deputy Directors Lydia B. Parnes
Teresa Moran Schwartz
Director, Bureau of Economics Jeremy I. Bulow
Deputy Directors Daniel P. O'Brien
Paul A. Pautler
General Counsel Debra A. Valentine
Deputy General Counsel John D. Graubert
Director, Office of Congressional Relations David R. Thomas
Director, Office of Public Affairs Eric D. London
Director, Office of Policy Planning Susan S. DeSanti
Secretary of the Commission Donald S. Clark
Chief Administrative Law Judge James P. Timony
Inspector General Frederick J. Zirkel
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The objective of the Federal Trade Commission is to maintain competitive enterprise as the keystone of the American economic system, and to prevent the free enterprise system from being fettered by monopoly or restraints on trade or corrupted by unfair or deceptive trade practices. The Commission is charged with keeping competition both free and fair.
T188578.044
The Federal Trade Commission was established in 1914 by the Federal Trade Commission Act (15 U.S.C. 41-58). The Commission is composed of five members appointed by the President, with the advice and consent of the Senate, for a term of 7 years. Not more than three of the Commissioners may be members of the same political party. One Commissioner is designated by the President as Chairman of the Commission and is responsible for its administrative management.
Activities
The Commission's principal functions are to:
--promote competition through the prevention of general trade restraints such as price-fixing agreements, boycotts, illegal combinations of competitors, and other unfair methods of competition;
--stop corporate mergers, acquisitions, or joint ventures that substantially lessen competition or tend to create a monopoly;
--prevent pricing discrimination, exclusive dealing, tying arrangements, and discrimination among competing customers by sellers;
--prevent interlocking directorates or officers' positions that may restrain competition;
--prevent the dissemination of false or deceptive advertisements of consumer productsand services as well as other unfair or deceptive practices;
--promote electronic commerce by stopping fraud on the Internet and working with other domestic and foreign agencies to develop and promote policies to safeguard online privacy of personal information;
--stop various fraudulent telemarketing schemes and protect consumersfrom abusive and...
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