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Planned U.S. Senate bill would help FTC fight deception, fraud

03 Tháng Năm 2022
Planned U.S. Senate bill would help FTC fight deception, fraud © Reuters. FILE PHOTO: U.S. Senator Maria Cantwell (D-WA) attends a Senate Senate Commerce, Science and Transportation Committee hearing on Capitol Hill in Washington, U.S., October 6, 2021. Picture taken October 6, 2021. REUTERS/Evelyn Hockstein/File Photo

WASHINGTON (Reuters) -U.S. Senator Maria Cantwell, chair of the Commerce Committee, will introduce legislation this week to restore authority that the Federal Trade Commission lost when the Supreme Court ruled last year that it overstepped in fighting deception and fraud.

If it becomes law, the bill would make it easier for the FTC, which also enforces antitrust law, to sue deceptive companies and scammers to recover the money that they took from consumers, Cantwell's office said in a statement on Monday.

The FTC had been suing companies and scammers for decades to recover ill-gotten gains but was stopped in April 2021 by the Supreme Court, which found that the agency went further than it could legally in its practice of seeking court orders to make fraudsters return money.

Given the court decision, the FTC needs Congress to expressly give it authority to demand disgorgement of ill-gotten gains. The House of Representatives passed similar legislation last year.

Business groups had complained that the FTC aggressively extracted billions of dollars in monetary awards from companies in recent years.

"If the FTC remains disarmed of this critical authority, millions of consumers and small businesses who’ve been scammed, swindled, or locked out of competitive marketplaces will never be made whole," Cantwell said in a statement. The senator also released a committee report to support the need for the legislation.

The legislation that Cantwell will introduce will authorize relief for consumers hurt by violations of consumer protection law, her office said in a statement. It also would put a 10-year statute of limitations on lawsuits, the statement said.

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21-05-2022 09:05:04 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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Sell (0)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2489

+0.0029 (+0.23%)

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Neutral

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Buy (8)

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USD/JPY

127.86

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Neutral

Moving Avg:

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AUD/USD

0.7039

-0.0008 (-0.11%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

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USD/CAD

1.2839

+0.0014 (+0.11%)

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Moving Avg:

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EUR/JPY

135.05

-0.24 (-0.18%)

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EUR/CHF

1.0296

-0.0005 (-0.05%)

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Gold Futures

1,845.10

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Silver Futures

21.765

-0.143 (-0.65%)

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Copper Futures

4.3042

+0.0212 (+0.49%)

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Crude Oil WTI Futures

110.35

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Brent Oil Futures

112.91

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Natural Gas Futures

8.058

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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S&P 500

3,901.36

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DAX

13,981.91

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FTSE 100

7,389.98

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20,717.24

+596.56 (+2.96%)

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Buy (4)

Sell (8)

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US Small Cap 2000

1,768.35

-7.87 (-0.44%)

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Moving Avg:

Buy (7)

Sell (5)

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Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

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Neutral

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

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Moving Avg:

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Buy

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Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

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Moving Avg:

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Adidas AG

172.80

+0.92 (+0.54%)

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Buy

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Buy (6)

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Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

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Siemens AG Class N

115.08

+2.62 (+2.33%)

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Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

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Sell (1)

 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
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# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
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