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Federal Trade Commission: Difference between revisions
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In the mid-1990s, the FTC launched the fraud sweeps concept where the agency and its federal, state, and local partners filed simultaneous legal actions against multiple telemarketing fraud targets. The first sweeps operation was ''Project Telesweep'' in July 1995 which cracked down on 100 business opportunity scams.<ref>{{cite web |date=July 18, 1995 |title=Business Opportunity Scam "Epidemic" |url=http://www.ftc.gov/bcp/franchise/tsweep01.htm |url-status=dead |archive-url=https://web.archive.org/web/20070310140931/http://www.ftc.gov/bcp/franchise/tsweep01.htm |archive-date=March 10, 2007 |access-date=August 14, 2012 |publisher=Ftc.gov}}</ref>{{Secondary source needed|date=August 2024}} | In the mid-1990s, the FTC launched the fraud sweeps concept where the agency and its federal, state, and local partners filed simultaneous legal actions against multiple telemarketing fraud targets. The first sweeps operation was ''Project Telesweep'' in July 1995 which cracked down on 100 business opportunity scams.<ref>{{cite web |date=July 18, 1995 |title=Business Opportunity Scam "Epidemic" |url=http://www.ftc.gov/bcp/franchise/tsweep01.htm |url-status=dead |archive-url=https://web.archive.org/web/20070310140931/http://www.ftc.gov/bcp/franchise/tsweep01.htm |archive-date=March 10, 2007 |access-date=August 14, 2012 |publisher=Ftc.gov}}</ref>{{Secondary source needed|date=August 2024}} | ||
In the 2021 [[United States Supreme Court]] case, ''[[AMG Capital Management, LLC v. FTC]]'', the Court found unanimously that the FTC did not have power under {{UnitedStatesCodeSub|15|53|b}} of the FTC Act, amended in 1973, to seek equitable relief in courts; it had the power to seek only injunctive relief.<ref>{{cite web|last=Hurley|first=Lawrence|date=April 22, 2021|title=U.S. Supreme Court curbs FTC's power to recoup ill-gotten gains|url=https://www.reuters.com/business/finance/us-supreme-court-curbs-ftcs-power-recoup-ill-gotten-gains-2021-04-22/|publisher= | In the 2021 [[United States Supreme Court]] case, ''[[AMG Capital Management, LLC v. FTC]]'', the Court found unanimously that the FTC did not have power under {{UnitedStatesCodeSub|15|53|b}} of the FTC Act, amended in 1973, to seek equitable relief in courts; it had the power to seek only injunctive relief.<ref>{{cite web|last=Hurley|first=Lawrence|date=April 22, 2021|title=U.S. Supreme Court curbs FTC's power to recoup ill-gotten gains|url=https://www.reuters.com/business/finance/us-supreme-court-curbs-ftcs-power-recoup-ill-gotten-gains-2021-04-22/|publisher=Reuters|access-date=April 22, 2021}}</ref> | ||
In 2023, [[Project 2025]] suggested that an administration could abolish the FTC.<ref>{{Cite magazine |last=Elliott |first=Vittoria |date=August 1, 2024 |title=What Project 2025 Means for Big Tech … and Everyone Else |url=https://www.wired.com/story/project-2025-tech-industry/ |access-date=2024-08-04 |magazine=Wired |language=en-US |issn=1059-1028 |quote=And though some conservatives have railed against the dominance of Big Tech, Project 2025 also suggests that a second Trump administration could abolish the Federal Trade Commission (FTC), which currently has the power to enforce antitrust laws.}}</ref> | In 2023, [[Project 2025]] suggested that an administration could abolish the FTC.<ref>{{Cite magazine |last=Elliott |first=Vittoria |date=August 1, 2024 |title=What Project 2025 Means for Big Tech … and Everyone Else |url=https://www.wired.com/story/project-2025-tech-industry/ |access-date=2024-08-04 |magazine=Wired |language=en-US |issn=1059-1028 |quote=And though some conservatives have railed against the dominance of Big Tech, Project 2025 also suggests that a second Trump administration could abolish the Federal Trade Commission (FTC), which currently has the power to enforce antitrust laws.}}</ref> | ||