Increased Transparency for Federal Trade Commission Legislative Recommendations.
New rules require the Federal Trade Commission (FTC) to include an economic analysis and rationale with its legislative proposals. This aims to ensure recommendations are data-driven and demonstrate that benefits outweigh costs, potentially impacting the quality of future market and consumer regulations.
Key points
The FTC must now include an economic analysis with every legislative recommendation, including those for its own powers.
The analysis must show a problem that private markets or public institutions cannot adequately address.
Legislative recommendations must be based on a determination that benefits outweigh costs, potentially leading to more considered regulations affecting product prices and availability.
Expired
Citizen Poll