FTC REPORTS Act
Bill: H.R.2672 | Sponsor: Rep. Bilirakis, Gus M. (R-FL)
Policy area: Commerce

Summary:
FTC Robust Elderly Protections and Organizational Requirements to Track Scams Act or the FTC REPORTS Act
This bill requires the Federal Trade Commission to annually (1) publish its planned policy priorities, and (2) report on its enforcement actions involving fraud targeting older adults.

To amend the Federal Trade Commission Act to require an annual plan and 
            a report on elder fraud, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FTC Robust Elderly Protections and 
Organizational Requirements to Track Scams Act'' or the ``FTC REPORTS 
Act''.

SEC. 2. ANNUAL PLAN AND REPORT ON ELDER FRAUD REQUIRED.

    (a) Amendment.--The Federal Trade Commission Act (15 U.S.C. 41 et 
seq.) is amended by inserting at the end the following new section:

``SEC. 29. ANNUAL PLAN REQUIRED.

    ``Not later than December 1 of each year, the Commission shall 
publish and submit to the Committees on the Judiciary and Commerce, 
Science, and Transportation of the Senate and the Committees on the 
Judiciary and Energy and Commerce of the House of Representatives a 
plan for the next calendar year describing the projected activities of 
the Commission, including each of the following:
            ``(1) The policy priorities of the Commission and any 
        changes to the previous policy priorities of the Commission.
            ``(2) Any rulemaking proceedings projected to be commenced, 
        including any such proceedings to amend or repeal a rule.
            ``(3) Any plans to develop, update, or withdraw guidelines 
        or other non-regulatory guidance documents.
            ``(4) Any plans to restructure the Commission or establish, 
        alter, or terminate working groups.
            ``(5) Any planned projects or initiatives of the 
        Commission, including workshops, conferences, and reports, and 
        any proposed withdrawals of or changes to projects or 
        initiatives of the Commission.
            ``(6) With respect to any activities, or changes to 
        activities, of the Commission (including workshops, 
        conferences, reports, working groups, guidance documents, and 
        rulemaking proceedings) that relate specifically to combating 
        fraud against individuals who are 65 years of age or older, a 
        description of how such activities or changes will address such 
        fraud.
            ``(7) Projected dates and timelines, or changes to 
        projected dates and timelines, associated with any of the 
        required disclosures in this section.

``SEC. 30. REPORT ON ELDER FRAUD REQUIRED.

    ``Not later than January 31 of each year, the Commission shall 
publish and submit to the Committee on Commerce, Science, and 
Transportation of the Senate and the Committee on Energy and Commerce 
of the House of Representatives a report on the Commission's 
enforcement actions involving allegations of fraud targeting 
individuals who are 65 years of age or older during the previous 
calendar year, including each of the following:
            ``(1) A brief description of each enforcement action by the 
        Commission involving allegations of fraud against such 
        individuals.
            ``(2) The disposition of enforcement actions involving 
        allegations of fraud against such individuals, broken down by 
        category.
            ``(3) The proportion of enforcement actions involving 
        allegations of fraud against such individuals as a percentage 
        of all enforcement actions relating to unfair or deceptive acts 
        or practices in or affecting commerce brought by the 
        Commission.''.
    (b) Effective Date; Applicability.--The amendment made by 
subsection (a) shall take effect on the date of enactment of this Act 
and shall apply with respect to the first December 1 and January 31, as 
applicable, occurring after such effective date.
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