HB4324: 21st Century FTC Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Federal Trade Commission Act to provide the Commission with notice and comment rulemaking authority respecting unfair or deceptive acts or practices and to provide for civil penalties for violations of such Act respecting unfair or deceptive acts or practices, and for other purposes.
Plain-language summary
This bill would give the Federal Trade Commission (FTC), the government agency that enforces consumer protection laws, the power to write detailed rules about what counts as unfair or deceptive business practices. Currently, the FTC can only act against unfair practices after they happen. The bill would also let the FTC impose civil penalties, meaning fines, on companies that break these rules. The bill has been introduced in Congress and is awaiting review.
AI-generated summary
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HB4324: 21st Century FTC Act