diff --git a/src/configs/all.ts b/src/configs/all.ts
index f61d9cb6d6a..02692f4d4b8 100644
--- a/src/configs/all.ts
+++ b/src/configs/all.ts
@@ -99,6 +99,7 @@ export const rules = {
     "ban-comma-operator": true,
     curly: true,
     forin: true,
+    "function-constructor": true,
     // "import-blacklist": no sensible default
     "label-position": true,
     "no-arg": true,
diff --git a/src/configs/recommended.ts b/src/configs/recommended.ts
index b9e81ec6fd4..0a06e82dd23 100644
--- a/src/configs/recommended.ts
+++ b/src/configs/recommended.ts
@@ -47,6 +47,7 @@ export const rules = {
     "cyclomatic-complexity": false,
     eofline: true,
     forin: true,
+    "function-constructor": true,
     "import-spacing": true,
     indent: {
         options: ["spaces"],
diff --git a/src/rules/code-examples/functionConstructor.examples.ts b/src/rules/code-examples/functionConstructor.examples.ts
new file mode 100644
index 00000000000..47b222b5595
--- /dev/null
+++ b/src/rules/code-examples/functionConstructor.examples.ts
@@ -0,0 +1,45 @@
+/**
+ * @license
+ * Copyright 2013 Palantir Technologies, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+import * as Lint from "../../index";
+
+export const codeExamples = [
+    {
+        config: Lint.Utils.dedent`
+            "rules": { "function-constructor": true }
+        `,
+        description: "Use inline lambdas instead of calling Function",
+        fail: Lint.Utils.dedent`
+            let doesNothing = new Function();
+        `,
+        pass: Lint.Utils.dedent`
+            let doesNothing = () => {};
+        `
+    },
+    {
+        config: Lint.Utils.dedent`
+            "rules": { "function-constructor": true }
+        `,
+        description: "Use parameters instead of constructor strings",
+        fail: Lint.Utils.dedent`
+            let addNumbers = new Function("a", "b", "return a + b");
+        `,
+        pass: Lint.Utils.dedent`
+            let addNumbers = (a, b) => a + b;
+        `
+    }
+];
diff --git a/src/rules/functionConstructorRule.ts b/src/rules/functionConstructorRule.ts
new file mode 100644
index 00000000000..eacbb928dac
--- /dev/null
+++ b/src/rules/functionConstructorRule.ts
@@ -0,0 +1,73 @@
+/**
+ * @license
+ * Copyright 2013 Palantir Technologies, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+import { isCallExpression, isIdentifier, isNewExpression } from "tsutils";
+import * as ts from "typescript";
+
+import * as Lint from "..";
+import { codeExamples } from "./code-examples/functionConstructor.examples";
+
+export class Rule extends Lint.Rules.AbstractRule {
+    public static metadata: Lint.IRuleMetadata = {
+        codeExamples,
+        description: Lint.Utils.dedent`
+            Prevents using the built-in Function constructor.
+        `,
+        optionExamples: [true],
+        options: null,
+        optionsDescription: "Not configurable.",
+        rationale: Lint.Utils.dedent`
+            Calling the constructor directly is similar to \`eval\`, which is a symptom of design issues.
+            String inputs don't receive type checking and can cause performance issues, particularly when dynamically created.
+            
+            If you need to dynamically create functions, use "factory" functions that themselves return functions.
+        `,
+        ruleName: "function-constructor",
+        type: "functionality",
+        typescriptOnly: false
+    };
+
+    public static FAILURE = "Do not use the Function constructor to create functions.";
+
+    public apply(sourceFile: ts.SourceFile): Lint.RuleFailure[] {
+        return this.applyWithFunction(sourceFile, walk);
+    }
+}
+
+function walk(context: Lint.WalkContext<void>): void {
+    ts.forEachChild(context.sourceFile, function cb(node): void {
+        if (isFunctionCallOrNewExpression(node)) {
+            addFailureAtNode(node);
+        }
+
+        ts.forEachChild(node, cb);
+    });
+
+    function addFailureAtNode(node: CallOrNewExpression) {
+        context.addFailureAtNode(node, Rule.FAILURE);
+    }
+}
+
+function isFunctionCallOrNewExpression(node: ts.Node): node is CallOrNewExpression {
+    if (isCallExpression(node) || isNewExpression(node)) {
+        return isIdentifier(node.expression) && node.expression.text === "Function";
+    }
+
+    return false;
+}
+
+type CallOrNewExpression = ts.CallExpression | ts.NewExpression;
diff --git a/test/rules/function-constructor/test.ts.lint b/test/rules/function-constructor/test.ts.lint
new file mode 100644
index 00000000000..cc2f3829427
--- /dev/null
+++ b/test/rules/function-constructor/test.ts.lint
@@ -0,0 +1,19 @@
+function one() { }
+const two = function () { };
+const three = () => {};
+
+const noParametersNew = Function();
+                        ~~~~~~~~~~        [0]
+const oneParameterNew = Function("a");
+                        ~~~~~~~~~~~~~       [0]
+const twoParametersNew = Function("a", "b");
+                         ~~~~~~~~~~~~~~~~~~       [0]
+
+const noParametersNew = new Function();
+                        ~~~~~~~~~~~~~~        [0]
+const oneParameterNew = new Function("a");
+                        ~~~~~~~~~~~~~~~~~       [0]
+const twoParametersNew = new Function("a", "b");
+                         ~~~~~~~~~~~~~~~~~~~~~~       [0]
+
+[0]: Do not use the Function constructor to create functions.
diff --git a/test/rules/function-constructor/tslint.json b/test/rules/function-constructor/tslint.json
new file mode 100644
index 00000000000..9f48491ff28
--- /dev/null
+++ b/test/rules/function-constructor/tslint.json
@@ -0,0 +1,5 @@
+{
+    "rules": {
+        "function-constructor": true
+    }
+}