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US lawmaker introduces bill making it easier for US FTC to issue regulations

( July 16, 2021, 15:35 GMT | Official Statement) -- MLex Summary: A US lawmaker is introducing legislation would grant the Federal Trade Commission Administrative Procedure Act rulemaking authority and first offense civil penalty authority. FTC rulemaking is mostly governed by a more onerous set of procedures known as Mag-Moss. “For too long, the FTC has been hamstrung in its ability to promulgate effective rules of the road for consumers and penalize companies that harm our friends and neighbors. This bill will ensure that the FTC has all the tools it needs to protect Americans," said bill sponsor Representative Kathy Castor, a Florida Democrat.Statement and document follow below:...

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