FTC's Wright Proposes Limit To Section 5 Authority

Law360, New York (June 19, 2013, 8:16 PM EDT) -- After attorneys spent years unsuccessfully pushing the Federal Trade Commission to formally explain how expansively it views its power to police unfair competition, Republican Commissioner Joshua Wright tried to jump-start the process Wednesday, prodding Chairwoman Edith Ramirez with proposed guidance that would limit the FTC's Section 5 authority.

Virtually everyone in the antitrust community agrees that Section 5 of the FTC Act — which grants the commission the power to take on unfair methods of competition — extends beyond the Sherman Act's bans on unreasonable restraint...
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