The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) started the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the president of the United States for seven-year terms. This commission was authorized to issue “cease and desist” orders to large corporations to curb unfair trade practices. This Act also gave more flexibility to the U.S. Congress for judicial matters. It passed the Senate by a 43-5 vote on September 8, 1914, and, without a tally of yeas and nays, it passed the House on September 10.
Famous quotes containing the words federal, trade, commission and/or act:
“[M]y conception of liberty does not permit an individual citizen or a group of citizens to commit acts of depredation against nature in such a way as to harm their neighbors and especially to harm the future generations of Americans. If many years ago we had had the necessary knowledge, and especially the necessary willingness on the part of the Federal Government, we would have saved a sum, a sum of money which has cost the taxpayers of America two billion dollars.”
—Franklin D. Roosevelt (1882–1945)
“Unless we do more than simply learn the trade of our time, we are but apprentices, and not yet masters of the art of life.”
—Henry David Thoreau (1817–1862)
“It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime.”
—Thomas Paine (1737–1809)
“The only rule is, do what you really, impulsively, wish to do. But always act on your own responsibility, sincerely. And have the courage of your own strong emotion.”
—D.H. (David Herbert)