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How a Prevailing Statutory Interpretation is Costing Businesses Billions

Published onAug 07, 2022
How a Prevailing Statutory Interpretation is Costing Businesses Billions

21 Wake Forest J. Bus. & Intell. Prop. L. 144

In 1914, President Woodrow Wilson signed the Federal Trade
Commission Act (Act) into law in the United States. The Act outlaws
unfair methods of competition affecting commerce and unfair or
deceptive business practices, and it established the Federal Trade
Commission (FTC), a government agency, to enforce the Act. The
goals of the Act are to prevent antitrust violations in business, hold
hearings for businesses accused of violating the provisions of the Act,
and, if needed, award damages or injunctions to parties injured by the
unfair or deceptive business practices. The Act applies to “person[s],
partnership[s], or corporation[s],” a scope that allows the FTC to
oversee adjudication of any deceptive or unfair business practice and
empowers the FTC to seek judicial remedies in court for selected
violations of the Act, including those found in § 13(b).


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