3/21/2017 Mission Mission FTC enforces federal antitrust laws that FTC conducts economic research and analysis -prohibit anticompetitive mergers to support its law enforcement efforts to contribute to policy deliberations of the prohibit business practices that restrict Congress,Executive Branch,state and local competition and harm consumers gov'ts,independent agencies ·Example actions: FTC work is performed by the 3 agencies telemarketing fraud Bureaus of Consumer Protection -internet scams Bureaus of Competition Bureaus of Economics -price-fixing schemes Mission Authorizing Acts ·FTC work is aided by: FTC deals with issues that impact the the Office of General Council economic lives of most Americans provides representation and legal advice FTC maintains a competitive marketplace on a wide range of highly visible national for consumers and businesses issues 1938,Wheeler-Lea Amendment broadened legal team-Department of Health and Human Services the FTC's powers to include protection for consumers from false advertising practices -7 regional offices3/21/2017 2 Mission • FTC enforces federal antitrust laws that - prohibit anticompetitive mergers - prohibit business practices that restrict competition and harm consumers • Example actions : - telemarketing fraud - internet scams - price-fixing schemes Mission • FTC conducts economic research and analysis - to support its law enforcement efforts - to contribute to policy deliberations of the Congress, Executive Branch, state and local gov’ts, independent agencies • FTC work is performed by the 3 agencies - Bureaus of Consumer Protection - Bureaus of Competition - Bureaus of Economics Mission • FTC work is aided by: - the Office of General Council  provides representation and legal advice on a wide range of highly visible national issues  legal team -Department of Health and Human Services - 7 regional offices Authorizing Acts • FTC deals with issues that impact the economic lives of most Americans • FTC maintains a competitive marketplace for consumers and businesses • 1938, Wheeler-Lea Amendment broadened the FTC's powers to include protection for consumers from false advertising practices