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Bill > HR7101


US HR7101

US HR7101
FTC REDO Act Federal Trade Commission Review of Expensive and Detrimental Overregulation Act


summary

Introduced
01/29/2024
In Committee
02/02/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To establish requirements for the Federal Trade Commission with respect to certain rules related to automotive retailing, and for other purposes.

AI Summary

This bill, the FTC REDO Act (Federal Trade Commission Review of Expensive and Detrimental Overregulation Act), rescinds the FTC's "Combating Auto Retail Scams Trade Regulation Rule" finalized in January 2024. It also prohibits the FTC from finalizing, implementing, or enforcing any similar or related proposed rule unless the FTC conducts extensive quantitative studies, consumer testing, and economic analysis, submits the results to Congress, and ensures any new rules apply equally to all automobile sellers, including franchised, independent, and direct. The bill aims to prevent overly burdensome regulations on the automotive retail industry without clear evidence of widespread unfair or deceptive practices.

Committee Categories

Business and Industry

Sponsors (19)

Last Action

Referred to the Subcommittee on Innovation, Data, and Commerce. (on 02/02/2024)

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