Political Quotes

On the recordDecember 31, 1979
Considering that rules of the Commission may apply to any act or practice "affecting commerce", and that the only statutory restraint is that it be unfair, the apparent power of the Commission with respect to commercial law is virtually as broad as the Congress itself. In fact, the Federal Trade Commission may be the second most powerful legislature in the country. . . .
Said by
Harrison Schmitt
New Mexico

Editor's note · Context

Schmitt emphasizes the FTC's significant legislative power.

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