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The Federal Trade Commission was established on September 26, 1914, by the Federal Trade Commission Act (15 U.S.C. 41 et seq). Created by Congress at the urging of President woodrow wilson, the FTC was designed to regulate trusts and prevent Unfair Competition in interstate commerce.
In October 1986, the HRC Foundation (HRCF) was formed as a non-profit organization. In January 1989, Basile announced his departure, and HRC reorganized from serving mainly as a political action committee (PAC) to broadening its function to encompass lobbying, research, education, and media outreach.