08.13.15

Comment Of Senator Patrick Leahy (D-Vt.), Ranking Member, Senate Judiciary Committee On The Federal Trade Commission’s Section 5 Enforcement Principles

[WASHINGTON (THURSDAY, Aug. 13, 2015) -- Federal Trade Commission (FTC) Chairwoman Edith Ramirez Thursday announced that the Commission approved a bipartisan set of principles related to the exercise of its standalone enforcement authority under Section 5 of the Federal Trade Commission Act. This authority has existed for over 100 years and provides the FTC the ability to protect consumers from unfair business practices outside the scope of traditional antitrust enforcement under the Sherman Act or Clayton Act.]

“The FTC’s Section 5 authority is vital to the Commission’s role in promoting consumer welfare. As it has for over 100 years, the Commission must be able to continue to respond to changing market conditions and protect consumers from those who seek advantage through unfair competition. The broad, bipartisan principles announced today are guided by the Commission's charter to promote consumer welfare and protect against harm to competition. I commend Chairwoman Ramirez and her fellow Commissioners for announcing these principles and encourage the Commission to continue exercising its Section 5 authority diligently.”

 

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