The federal statute, codified in 15 U.S.C. ��§ 41-58, establishing the Federal Trade Commission (FTC) and empowering it, among other duties, to prevent unfair methods of competition and unfair or deceptive acts or practices affecting interstate commerce. It gives the FTC authority to investigate possible violations, seek monetary damages, prescribe rules to prevent unfair or deceptive practices, and make reports and recommendations to Congress and the public. Unlike other antitrust laws, it is not enforceable by private parties.

For more information on the FTC Act and antitrust laws, see Practice Notes, US Antitrust Laws: Overview and FTC Act Section 5: Overview. For more information on the FTC Act and consumer protection laws, see Practice Notes, Consumer Protection Overview: Federal Trade Commission and FTC Consumer Protection Investigations and Enforcement.