U.S. Chamber of Commerce takes another swing at FTC -Breaking
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WASHINGTON, (Reuters) – The U.S. Chamber of Commerce joined 85 organizations representing a wide range of industries to send a letter to Senators urging them to remove sections from the Build back Better plan intended to strengthen the agency.
They objected against a proposal to donate $1 billion to FTC for privacy, data security and other related issues. Another provision would permit the agency to demand civil sanctions from companies that have violated rules against deceptive or unfair trade practices.
These organizations included the National Restaurant Association (NRF), American Association of Advertising Agencies (AAAA), and the American Association of Advertising Agencies (AAAA). They stated in a letter that the new provisions “would create an unparalleled and unjustified broad civil penal penalty authority.”
It was dated Wednesday.
The groups requested that the provision be removed from the bill.
U.S. Senate Democrats struggle to find a pathway forward regarding President Joe Biden’s $1.75 Trillion domestic investment bill. West Virginia’s Joe Manchin objects to some parts of this program, according to a source familiar with the negotiations.
Senate Democrats had hoped that the bill would be passed before Christmas.
A statement by the Chamber of Commerce said that an advertising campaign was being launched to target FTC.
Prior to this, the Chamber requested information from FTC about procedures that it considered questionable. This included allowing a commission member to vote for an action announced by the Commission after his departure.
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