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US FTC votes to update rulemaking procedures, sets stage for stronger deterrence of corporate misconduct

( July 1, 2021, 20:37 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission approved changes to its rules of practice aimed at modernizing the way it issues trade regulation rules under Section 18 of the FTC Act, which will provide a roadmap for businesses, stop widespread consumer harm, and promote robust competition. The changes bring agency procedures back in line with the statute that granted the agency Section 18 rulemaking authority, and they build on the agency’s announcement earlier this year of a rulemaking group within the office of the general counsel.Statement follows in full. ...

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