CHAMBER OF COMMERCE WEIGHS IN
The Chamber of Commerce sent slammed a proposal to restore the Federal Trade Commission’s (FTC) ability to obtain monetary relief for victims of illegal scams in a letter Tuesday.
The chamber’s letter was sent to top members of the Senate Commerce Committee the day before the panel is slated to debate the proposal known as the Consumer Protection Remedies Act of 2022.
“This legislation would grant entirely new and sweeping enforcement powers to the Federal Trade Commission, which would be concerning at any time, but especially troubling at a time when the agency’s leadership has recently demonstrated disdain and indifference for due process to advance policy goals that harm the economy,” the chamber wrote.
It adds to the growing animus between the Chamber of Commerce and the FTC under Chair Lina Khan.
The proposal, backed by Democrats including Commerce Committee Chairwoman Maria Cantwell (D-Wash.), aims to restore the FTC’s authority under Section 13(B) after the power was stripped through a Supreme Court decision last year.