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Commercial speech consists of statements made by companies engaged in business activity. In contrast with [[free speech]], commercial speech is highly regulated by government.

The federal government regulates commercial speech in nearly every industry.<ref>http://www.fda.gov/fdac/reprints/getinfo.html</ref> For example, the Federal Trade Commission (FTC)<ref>http://www.ftc.gov/</ref> is the federal agency that regulates advertising, except for prescription drugs and medical devices, which are regulated by the Food and Drug Administration (FDA).


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