By SSN Staff
With a 3-2 vote, the Federal Trade Commission approved amendments to its Rules of Practice to update the Trade Regulation Rules under Section 18 of the FTC Act.
“These changes show the FTC is turning the page on decades of self-imposed red-tape and returning to the participatory and dynamic process for issuing Section 18 rules that Congress envisioned,” Commissioner Rebecca Kelly Slaughter says in the FTC’s official statement released today.
The amendments will streamline the Agency’s procedure for initiating rulemaking proceedings as well as the public hearing process. Amendments will also eliminate the requirements in the current rules that are not mandated by the FTC Act, including the requirement for a staff report of rulemaking analysis and recommendations as to the form of the final rule for public comment.
Commissioner Slaughter was joined by FTC Chair Lina Khan and Commissioner Chopra in a statement explaining their motivations to amend the Rules.
For full story visit FTC.gov