FTC Rulemaking Authority

ERA has joined with a variety of industry associations to stand in opposition to potential changes to FTC rulemaking authority included in recent financial services legislation. As explained in this letter, ERA believes the FTC best serves businesses and consumers by staying focused on its current mission and does not need to more rulemaking authority to be effective. If a rule is needed, Congress can grant and has granted the FTC authority on specific issues that are of particular concern.

ERA was featured in a full page advertisement in the top Capitol Hill news source, Roll Call. The ad explains that it would be inappropriate to grant the FTC broader powers to regulate retailers and other non-financial industries in a financial services bill. This ad is part of a broad coalition effort involving associations representing magazine publishers, online publishers, and all types of advertisers. The coalition members represent many different business models but share an interest in fair regulation.