Federal Trade Commission

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Federal Trade Commission
Seal of the United States Federal Trade Commission.svg
Seal of the Federal Trade Commission
Flag of the United States Federal Trade Commission.svg
Flag of the Federal Trade Commission
Agency overview
FormedSeptember 26, 1914; 107 years ago (1914-09-26)
Preceding agency
  • Bureau of Corporations
JurisdictionUnited States
HeadquartersFederal Trade Commission Building
Washington, D.C.
Employees1,131 (December 2011)[1]
Annual budget$311 million (FY 2019)[2]
Agency executive

The Federal Trade Commission (FTC) is an independent agency of the United States government. They focus on the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection.

The Commission is headed by five Commissioners, each serving a seven-year term. Commissioners are nominated by the President and confirmed by the Senate. No more than three Commissioners can be of the same political party.

The President chooses one Commissioner to act as Chairman.[5]

References[change | change source]

  1. "Office of Personnel Management". opm.gov. Retrieved March 5, 2013.
  2. https://www.ftc.gov/system/files/documents/reports/agency-financial-report-fy2019/ftc_agency_financial_report_fy2019.pdf
  3. [1] Archived August 20, 2007, at the Wayback Machine
  4. "Federal Trade Commission: A History". Ftc.gov. January 18, 2012. Retrieved August 14, 2012.
  5. "Commissioners". Federal Trade Commission. Archived from the original on 2021-01-30.