Regulatory Hurdles: Making New Consumer Protection Rules for Car Sales Harder.
This bill imposes strict new requirements on the Federal Trade Commission (FTC) regarding studies and economic analysis before it can implement any new rules regulating motor vehicle sales. This means that the introduction of new consumer protection rules aimed at preventing deceptive practices by car dealers will be significantly delayed or blocked. Consequently, current car sales methods, including potential hidden fees, may remain unchanged unless the FTC can statistically prove the necessity of the changes.
Key points
Blocking New Regulations: The FTC cannot implement new rules on car sales (e.g., combating hidden fees) until it completes costly and time-consuming consumer studies and economic analyses.
Proof Requirement: To introduce new rules, the FTC must prove through statistically valid studies that unfair practices in car sales are prevalent and that the proposed changes will genuinely enhance consumer protection.
Equal Rules for All Sellers: Any new duties or penalties must apply equally to franchised, independent, and direct sellers of automobiles.
Expired
Citizen Poll