FTC Rulemaking Authority

ERA shares concerns with a variety of industry associations over potential changes to FTC rulemaking authority. 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.

It would be inappropriate to grant the FTC broader powers to regulate retailers and other non-financial industries in a financial services bill. There are broad coalition efforts involving multiple associations representing magazine publishers, online publishers, and all types of advertisers who share ERA's concerns. The coalition members represent many different business models but share an interest in fair regulation.

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