Consumer Protection and Recovery Act

Hozzl · 2024-04-17T23:45:44Z

Explore the details of House Bill 2668 Consumer Protection and Recovery Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

4/17/2024, 11:45 PM

Summary of Bill HR 2668

Bill 117 hr 2668, also known as the Consumer Protection and Recovery Act, is a piece of legislation introduced in the US Congress aimed at enhancing consumer protection and providing avenues for consumers to seek redress in cases of fraud or deceptive practices.

The main objective of this bill is to empower the Federal Trade Commission (FTC) to seek monetary relief for consumers who have been harmed by unfair or deceptive practices. This includes the ability for the FTC to seek restitution for consumers who have been victims of scams or fraudulent schemes.

Additionally, the bill aims to strengthen the FTC's enforcement powers by allowing the agency to issue civil penalties for violations of consumer protection laws. This is intended to deter companies from engaging in deceptive practices and provide a stronger deterrent against fraudulent behavior. Furthermore, the bill includes provisions to streamline the process for consumers to seek redress through the FTC, making it easier for individuals to file complaints and seek restitution for harm caused by deceptive practices. Overall, the Consumer Protection and Recovery Act seeks to enhance consumer protection measures and provide consumers with greater avenues for seeking redress in cases of fraud or deceptive practices. It aims to strengthen the enforcement powers of the FTC and make it easier for individuals to seek restitution for harm caused by unfair or deceptive practices.

Congressional Summary of HR 2668

Consumer Protection and Recovery Act

This bill authorizes the Federal Trade Commission (FTC) to seek monetary relief in federal court from businesses that engage in unlawful commercial practices such as false advertising, consumer fraud, and anticompetitive conduct.

Specifically, the FTC may seek restitution in these cases for losses, rescission or reformation of contracts, refund of money, return of property, or disgorgement of unjust enrichment.

On April 22, 2021, the Supreme Court held in AMG Capital Management, LLC v. Federal Trade Commission that the Federal Trade Commission Act does not authorize the FTC to seek, or a court to award, such relief.

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Current Status of Bill HR 2668

Bill HR 2668 is currently in the status of Introduced to Senate since July 21, 2021. Bill HR 2668 was introduced during Congress 117 and was introduced to the House on April 20, 2021. Bill HR 2668's most recent activity was Received in the Senate. as of July 21, 2021

Bipartisan Support of Bill HR 2668

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2668

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 2668

Consumer Protection and Recovery Act

To amend the Federal Trade Commission Act to affirmatively confirm the authority of the Federal Trade Commission to seek permanent injunctions and other equitable relief for violations of any provision of law enforced by the Commission.

Consumer Protection and Recovery Act