What is wheeler-lea act of 1938?

The Wheeler-Lea Act of 1938 was a federal law that prohibited unfair and deceptive acts or practices in commerce. It expanded on previous anti-trust laws by making it illegal for businesses to engage in false advertising and other deceptive practices that could harm consumers or competitors. The act also established the Federal Trade Commission (FTC) as the primary enforcement agency for these laws. The Wheeler-Lea Act paved the way for further consumer protection laws and helped establish the government's role in regulating business practices to protect consumers.