WASHINGTON, DC - On the heels of announcing six bills to bring needed reforms to the Federal Trade Commission (FTC), the Subcommittee on Commerce, Manufacturing, and Trade, chaired by Rep. Michael C. Burgess, M.D. (R-TX), today unveiled five more bills authored by subcommittee members to spur innovation and address emerging issues for the 21st century. Through The Disrupter Series, members engaged with thought leaders and industry experts about the marketplace of tomorrow that led to the development of the 11 targeted reforms.
“Our legislative package has been carefully crafted to bring innovative friendly reform to the FTC. It’s important the commission remain transparent to help business grow and thrive, all the while fulfilling its mission to protect consumers. We’ve assembled 11 thoughtful bills that put a premium on innovation and will ensure the FTC is modernizing for the 21st century economy. Our laws must adapt with the times as we work to create jobs, spur innovation, and bolster our economy," said subcommittee Vice Chairman Leonard Lance (R-NJ).
The five bills that were unveiled today sponsored by #SubCMT members:
* H.R. ___, Better On-line Ticket Sales (BOTS) Act of 2016 - sponsored by Full Committee Vice Chairman Rep. Marsha Blackburn (R-TN), would declare unlawful the intentional use or sale of software used to bypass ticket sellers’ cyber defenses.
* H.R. ___, the Revealing Economic Conclusions for Suggestions (RECS) Act - sponsored by Rep. Mike Pompeo (R-KS), would ensure that any regulatory recommendation is only made if economic reasoning supports it.
* H.R. ___, the Reinforcing American-Made Products Act of 2016 - sponsored by Rep. Gregg Harper (R-MS), establish a national standard on marketing products made domestically with the label Made in the U.S.A.
* H.R.___, the Freeing Responsible and Effective Exchanges (FREE) Act - sponsored by Rep. Pete Olson (R-TX), allows FTC commissioners to hold informal bipartisan meetings.
* H.R. ___, the FTC Robust Elderly Protections and Organizational Requirements to Track Scams Act - sponsored by Rep. Gus Bilirakis (R-FL), requires the FTC to publish its annual policy priorities and planned rulemakings so companies can plan accordingly, and report on its activity to protect the elderly.
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* #DisruptFTC: Putting Innovation First, #SubCMT Unveils Half Dozen Bills to Modernize FTC for 21st Century
