"The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) (FTC Act) established the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the president of the United States for seven-year terms. The FTC Act was one of President Woodrow Wilson's major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. This commission was authorized to issue “cease and desist” orders to large corporations to curb unfair trade practices. This Act also gave more flexibility to the U.S. Congress for judicial matters. It passed the Senate by a 43-5 vote on September 8, 1914, and, without a tally of yeas and nays, it passed the House on September 10. The Federal Trade Commission (FTC) hopes that under its watch, the buyer won't have to beware. The agency has served as the government's defender of fair commerce since 1914, when the FTC Act was passed to prevent unfair competition in business. Today, the FTC administers a variety of laws on behalf of consumers and businesses, including the Telemarketing Sales Rule (the law behind the """"do-not-call"""" list), and the Equal Credit Opportunity Act. The FTC performs its functions through individual Bureaus of Consumer Protection (addressing advertising, marketing, and consumer lending), Competition (antitrust issues), and Economics (impact analysis of government regulation on various markets and industries)."