What is the Consumer Goods Pricing Act?

Introduced in House (05/14/1975) Consumer Goods Pricing Act – Repeals the provision of the Sherman Antitrust Act which permits contracts or agreements by the producer or distribution of such commodity prescribing minimum prices for the resale of a commodity bearing a trademark or tradename.

What did the FTC Act do?

The basic statute enforced by the FTC, Section 5(a) of the FTC Act, empowers the agency to investigate and prevent unfair methods of competition, and unfair or deceptive acts or practices affecting commerce. This creates the Agency’s two primary missions: protecting competition and protecting consumers.

Why was the Federal Trade Commission Act created?

History of the FTC When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices.

What replaced the Sherman Antitrust Act?

The Sherman Act was amended by the Clayton Antitrust Act in 1914, which addressed specific practices that the Sherman Act did not ban.

What does the Robinson Patman Act prohibit?

Robinson-Patman Act, in full Robinson-Patman Act of 1936, also called Anti-Price Discrimination Act, U.S. law enacted in 1936 that protects small businesses from being driven out of the marketplace by prohibiting discrimination in pricing, promotional allowances, and advertising by large franchised companies.

What is the purpose of the consumer Product Safety Act?

Enacted in 1972, CPSA is our umbrella statute. This law established the agency, defines CPSC’s basic authority and authorizes the agency to develop standards and bans. It also gives CPSC the authority to pursue recalls and to ban products under certain circumstances.

How do you enforce the consumer protection Act?

How do you Enforce your Rights in terms of the Consumer…

  1. Directly to the Tribunal;
  2. To the applicable ombudsman with jurisdiction;
  3. To an accredited industry ombudsman;
  4. To the provincial consumer court with jurisdiction;
  5. To an alternative dispute resolution agent;
  6. To the National Consumer Commission; or.

What was the purpose of enacting the Federal Trade Commission Act quizlet?

To prevent business practices that are anti-competitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.

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