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Enhanced FTC Powers: Consumer Protection and Penalties for Unfair Practices

This new law strengthens the Federal Trade Commission (FTC), granting it greater authority to create rules protecting consumers from unfair practices. This means the FTC can respond more quickly to new threats and impose financial penalties on companies that deceive or mislead. The goal is to better protect your rights as a consumer.
Key points
The FTC gains power to more quickly establish new rules protecting consumers from unfair business actions.
Companies engaging in unfair or deceptive practices may face financial penalties, discouraging such behavior.
The changes aim to increase the security of your transactions and protect you from market fraud.
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Additional Information
Print number: 118_HR_4324
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2023-06-23