By SSN Staff
With a 221-205 vote, the U.S. House of Representatives passed H.R. 2668, the Consumer Protection and Recovery Act. This bill would give the FTC explicit authority to seek disgorgement and restitution from its targets, essentially reinstating the monetary relief powers that were recently stripped from the regulatory agency when the U.S. Supreme Court ruled against it in AMG Captial Management v. FTC. Two Republicans joined Democrats with a yes vote. The legislation now moves to the Senate, where it faces an uncertain fate.