What is one primary function of the Federal Trade Commission (FTC)?

The Federal Trade Commission (FTC) is primarily tasked with protecting consumers and maintaining competition in the marketplace. One of its key functions is enforcing various consumer protection laws, including the Truth in Lending Act. This Act aims to promote informed use of consumer credit by requiring clear disclosure of credit terms, helping consumers compare credit options and access essential financial information.

By enforcing the Truth in Lending Act, the FTC ensures that lenders provide accurate and understandable information about the costs of credit, thereby empowering consumers to make informed financial decisions. This function aligns closely with the FTC's broader mandate to prevent deceptive practices in commerce and safeguard consumer interests.

Other options, while related to important activities, do not fall within the FTC's purview. For instance, regulating foreign investments is typically managed by the Committee on Foreign Investment in the United States (CFIUS), managing national defense budgets is the responsibility of the Department of Defense, and conducting national elections falls under the jurisdiction of the Federal Election Commission (FEC).