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FTC Whistleblower Protection and Awards: New Reporting Rules

This act aims to strengthen protections for individuals reporting misconduct in companies under the Federal Trade Commission (FTC). It provides protection against dismissal or other forms of discrimination for reporting legal violations and introduces financial awards for providing information that leads to successful legal actions. This allows citizens to feel safer reporting unfair practices, potentially leading to greater market transparency.
Key points
Protection from Retaliation: Employers cannot fire, demote, or discriminate against individuals who report legal violations to the FTC or supervisors.
Financial Awards: Whistleblowers can receive between 10% and 30% of collected monetary sanctions if their information leads to a successful case resolution exceeding $1 million.
Confidentiality: Whistleblower identities are protected, and information that could reveal them cannot be disclosed.
Right to Sue: Whistleblowers can pursue their rights in court, and confidentiality or arbitration agreements cannot limit their ability to report misconduct.
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Additional Information
Print number: 118_HR_10118
Sponsor: Rep. Schakowsky, Janice D. [D-IL-9]
Process start date: 2024-11-13