The Role of the FTC

The Federal Trade Commission (FTC) is responsible for enforcing antitrust and consumer protection laws to ensure fair and competitive markets. This involves protecting consumers from illegal monopolies, scams, and invasions of privacy, with oversight across most sectors of the economy. The agency’s broad mandate also reflects its mission, which has evolved since its establishment over a century ago. The chair emphasizes the importance of adapting these regulations to modern market dynamics and aggressively utilizing the tools provided by Congress to fulfill its commitments.