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Shrinkflation Prevention Act of 2024
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.
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
22Democrat Cosponsors
20Republican Cosponsors
0Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill S 3819
Primary Policy Focus
CommerceAlternate Title(s) of Bill S 3819
Shrinkflation Prevention Act of 2024
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.
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.
Comments
Sponsors and Cosponsors of S 3819
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