The Wheeler-Lea Act of 1938 was designed to close the merger loophole that remained in the Clayton Act.

Question

Quizplus · Accepted Answer

The Wheeler-Lea Act of 1938 was actually an amendment to the Federal Trade Commission Act, primarily aimed at broadening the powers of the FTC to protect consumers against false advertising and other deceptive practices. It did not specifically address mergers or close a merger loophole in the Clayton Act.

The Wheeler-Lea Act of 1938 Was Designed to Close the Merger