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Enhanced Consumer Protection: New Powers for Federal Trade Commission

This act strengthens the Federal Trade Commission (FTC) by granting it broader powers to recover funds for consumers harmed by unfair practices. This allows the FTC to more effectively pursue refunds, contract cancellations, or property recovery, enhancing citizens' financial security.
Key points
The FTC can now seek restitution, contract rescission, or property return for harmed consumers.
The act enables the FTC to recover ill-gotten gains from companies that violated the law.
New provisions apply to cases initiated from the act's enactment date, meaning immediate improvement in protection.
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Additional Information
Print number: 117_S_4145
Sponsor: Sen. Cantwell, Maria [D-WA]
Process start date: 2022-05-04