FTC REPORTS Act

Bill: 114-hr-5098
Sponsor: full_name: Rep. Bilirakis, Gus M. [R-FL-12]
Introduced: 2016-04-28
Policy area: Commerce
Subjects: Administrative law and regulatory procedures

Aging

Civil actions and liability

Congressional oversight

Consumer affairs

Federal Trade Commission (FTC)

Fraud offenses and financial crimes
Latest action: action_date: 2016-04-29
text: Referred to the Subcommittee on Commerce, Manufacturing, and Trade.

Summaries:
action_date: 2016-04-28
action_desc: Introduced in House
text: <p><b>FTC Robust Elderly Protections and Organizational Requirements to Track Scams Act or the FTC REPORTS Act</b></p> <p>This bill amends the Federal Trade Commission Act to require the Federal Trade Commission (FTC) to publish and submit to Congress annually: (1) the FTC's plan for the next calendar year, and (2) a report on FTC enforcement actions involving allegations of fraud targeting individuals who are 65 or older during the previous year. </p> <p>The FTC's annual plan must describe:</p> <ul> <li> its projected activities, priorities, rulemakings, guidelines, restructuring plans, and projects;</li> <li>how its activities combat fraud against individuals who are 65 or older; and</li> <li>the projected dates and timelines for such activities. </li> </ul> <p>The FTC's annual report about enforcement actions involving allegations of fraud targeting individuals who are 65 or older during the previous year must include:</p> <ul> <li> a description of each FTC enforcement action involving allegations of fraud against such individuals;</li> <li>the disposition of such enforcement actions, broken down by category; and </li> <li>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 FTC.</li> </ul>

tv_txt: I 114th CONGRESS 2d Session H. R. 5098 IN THE HOUSE OF REPRESENTATIVES April 28, 2016 Mr. Bilirakis (for himself, Mr. Burgess , Mr. Harper , Mr. Lance , Mrs. Blackburn , Mr. Mullin , and Mr. McCaul ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend the Federal Trade Commission Act to require an annual plan and a report on elder fraud, and for other purposes.

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 . 2. Annual plan required (a) Amendment The Federal Trade Commission Act ( 15 U.S.C. 41 et seq. ) is amended by inserting after section 26 the following new section: 27. 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. (2) Any rulemakings projected to be commenced. (3) Any plans to develop guidelines or other non-regulatory guidance documents. (4) Any plans to restructure the Commission or establish or alter working groups. (5) Any planned projects or initiatives of the Commission, including workshops, conferences, and reports. (6) With respect to any activities of the Commission, including workshops, conferences, reports, working groups, guidance documents, or rule­mak­ings that relate specifically to combating fraud against individuals who are 65 years of age or older, a description of how such activities will address such fraud. (7) Projected dates and timelines associated with any of the required disclosures in this section. 28. 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.