## Overview of the Federal Trade Commission The **Federal Trade Commission (FTC)** is a pivotal independent agency of the U.S. government, established in 1914 by the Federal Trade Commission Act. Its primary mission is to protect consumers and promote fair competition in the U.S. economy by enforcing civil antitrust laws and consumer protection regulations. ### History and Structure Created in response to the late 19th-century monopolistic trust crisis, the FTC is composed of five commissioners appointed by the President and confirmed by the Senate, each serving a seven-year term. No more than three commissioners can belong to the same political party, ensuring bipartisan oversight. The FTC is headquartered in Washington, D.C., and includes bureaus for Competition, Consumer Protection, and Economics[1][3][4]. ### Key Responsibilities - **Consumer Protection**: The FTC investigates and prevents unfair, deceptive, or fraudulent practices. It educates consumers and businesses about legal rights and responsibilities. - **Competition Promotion**: The FTC enforces antitrust laws, preventing anticompetitive practices and reviewing mergers that could harm competition[2][5]. ### Key Achievements and Current Status The FTC has been instrumental in challenging mergers and enforcing consumer protection laws. Notably, it filed a complaint that led to Nvidia abandoning its proposed acquisition of Arm in 2021[6]. Currently, the FTC continues to evolve with technological advancements, addressing issues related to AI and digital privacy[6][7]. ### Notable Aspects - **Jurisdiction**: The FTC shares jurisdiction with the Department of Justice for enforcing antitrust laws. - **Enforcement**: It administers over 70 laws, including the Clayton Act and the Federal Trade Commission Act[5]. - **Education and Research**: The FTC engages in public outreach, research, and rulemaking to ensure fair market practices[6][7]. In summary, the FTC plays a crucial role in safeguarding U.S. consumers and promoting fair competition, making it