Congressional Hispanic Caucus Applauds House Passage of Consumer Protection and Recovery Act
WASHINGTON, D.C.—Today, the U.S. House of Representatives passed legislation by Congressman Tony Cárdenas (CA-29), Vice-Chair of the Consumer Protection and Commerce Subcommittee, and Congresswoman Jan Schakowsky (IL-09), Chair of the Consumer Protection and Commerce Subcommittee, to restore the Federal Trade Commission’s (FTC) 13(b) consumer protection powers to return money to defrauded consumers. In April, the Supreme Court took away a major tool from the FTC's ability to protect consumers from fraudsters and scammers.
“The Congressional Hispanic Caucus (CHC) applauds the House passage of the Consumer Protection and Recovery Act, introduced by CHC Member Congressman Tony Cárdenas (CA-29),” said Chair Dr. Ruiz. “We have a duty to protect consumers and honest businesses from deceptive and fraudulent trade practices. I thank Congressman Cárdenas for his leadership in giving the Federal Trade Commission (FTC) the tools they need to hold bad actors accountable and return stolen assets to victims of fraud.”
“Every day, Americans – many seniors, veterans, parents – are being ripped off and cheated out of the little money they have to get by,” said Consumer Protection and Commerce Subcommittee Vice Chair Cárdenas. “Today the House passed my legislation to restore the tool that has served as a saving grace for millions of defrauded consumers for over 40 years. I thank my colleagues in the House for voting to protect consumers and get money back into the pockets of hardworking Americans. I’m especially grateful to Energy and Commerce Committee Chairman Frank Pallone and Consumer Protection and Commerce Subcommittee Chairwoman Schakowsky for their leadership. I look forward to my colleagues in the Senate taking action on my legislation and sending the clear message that Congress is fighting to help families when they need it most.”
The Consumer Protection and Recovery Act, H.R. 2668, amends Section 13(b) of the FTC Act to make explicit the FTC’s longstanding authority to obtain injunctive and equitable relief, including monetary redress for consumers in court for all violations of the laws it enforces. The bill also makes explicit that the FTC may pursue many kinds of equitable relief, including restitution for losses, contract reformation and recission, monetary refunds and the refund of property, as well as forcing bad actors to return their ill-gotten gains.
More information on the bill can be found here.
A video of Congressman Cárdenas speaking on the Consumer Protection and Recovery Act can be found here.
The Congressional Hispanic Caucus (CHC), founded in December 1976, is organized as a Congressional Member organization, governed under the Rules of the U.S. House of Representatives. The CHC is dedicated to voicing and advancing, through the legislative process, issues affecting Hispanics in the United States, Puerto Rico and U.S. Territories.