Passed in 1914, the Federal Trade Commission Act provided that "unfair methods of competition in or affecting commerce are hereby declared unlawful."
It also created the Federal Trade Commission, a bipartisan commission of five presidential appointees, confirmed by the Senate, to police violations of the act.
The Federal Trade Commission Act of 1914 prohibits unfair methods, acts, and practices of competition in interstate commerce.
to stop and prevent anticompetitive business practices