Shrinkflation Prevention Act of 2024

Hozzl · 2024-06-12T18:20:06Z

Explore the details of Senate Bill 3819 Shrinkflation Prevention Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

6/12/2024, 6:20 PM

Summary of Bill S 3819

Bill 118 s 3819, also known as the Shrinkflation Prevention Act of 2024, aims to address the issue of shrinkflation in consumer products. Shrinkflation is a practice where companies reduce the size or quantity of a product while keeping the price the same, effectively deceiving consumers into paying more for less.

The bill proposes several measures to prevent shrinkflation, including requiring companies to clearly label any changes in product size or quantity on packaging and advertising. This transparency would help consumers make informed decisions about their purchases and hold companies accountable for any deceptive practices.

Additionally, the bill calls for increased oversight and enforcement by the Federal Trade Commission to ensure that companies are complying with the new regulations. This would help prevent shrinkflation from becoming a widespread problem and protect consumers from being taken advantage of by unscrupulous businesses. Overall, the Shrinkflation Prevention Act of 2024 seeks to promote fairness and transparency in the marketplace, ensuring that consumers are able to make informed choices and receive the full value of their purchases.

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Current Status of Bill S 3819

Bill S 3819 is currently in the status of Bill Introduced since February 28, 2024. Bill S 3819 was introduced during Congress 118 and was introduced to the Senate on February 28, 2024. Bill S 3819's most recent activity was Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held. as of May 22, 2024

Bipartisan Support of Bill S 3819

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3819

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 3819

Shrinkflation Prevention Act of 2024

A bill to direct the Federal Trade Commission to issue regulations to establish shrinkflation as an unfair or deceptive act or practice, and for other purposes.