FTC Whistleblower Act of 2024

The FTC Whistleblower Act of 2024, also known as Bill 118 hr 10118, is a piece of legislation introduced in the US Congress aimed at protecting individuals who report violations of consumer protection laws to the Federal Trade Commission (FTC). The bill seeks to encourage whistleblowers to come forward by providing them with certain protections and incentives.

Under the FTC Whistleblower Act of 2024, whistleblowers who report violations of consumer protection laws to the FTC would be protected from retaliation by their employers. This means that employers would be prohibited from taking adverse actions against whistleblowers, such as firing or demoting them, in response to their reporting of violations.

In addition to protection from retaliation, the bill also includes provisions for providing financial incentives to whistleblowers. Whistleblowers who provide information that leads to successful enforcement actions by the FTC could be eligible to receive monetary rewards. These rewards would be based on a percentage of the monetary sanctions imposed on the violators. Overall, the FTC Whistleblower Act of 2024 aims to strengthen consumer protection efforts by encouraging individuals with knowledge of violations to come forward and report them to the FTC. By providing protections and incentives for whistleblowers, the bill seeks to enhance the FTC's ability to enforce consumer protection laws and hold violators accountable.