Ban on product downsizing (shrinkflation) to protect consumers.
This Act aims to protect consumers from the practice of reducing product size while maintaining or increasing the price. The Federal Trade Commission (FTC) will be tasked with issuing regulations to prohibit such actions, helping families save money and ensuring fairness in the market. Citizens will benefit from greater transparency in product pricing and quantity.
Key points
Prohibition of Shrinkflation: Companies will be prevented from decreasing product quantity or size while keeping the price the same or higher.
Consumer Protection: The Act seeks to prevent hidden price increases that mislead consumers.
Enforcement: The Federal Trade Commission (FTC) will create and enforce new rules, and state attorneys general can sue companies on behalf of residents.
Increased Transparency: The goal is to ensure consumers are aware of the true value of the products they purchase.
Expired
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