Senate Nixes House Proposal on FTC Expansions; Retailers Rejoice
The Direct Marketing Association is pleased to announce that the Senate three-times rejected a House proposal to drastically expand the powers of the Federal Trade Commission (FTC) across all but a few sectors of the American economy. DMA led the charge in the fight to keep these FTC expansion provisions out of the Restoring American Financial Stability Act (H.R. 4173) as the final text of the bill was negotiated by a formal Conference Committee. These provisions would grant the FTC broad new rulemaking and enforcement authority, enabling the Commission to act essentially as an unelected legislature, governing industries and sectors that had nothing to do with the financial crisis.