The New York Attorney General ('AG'), Letitia James announced, on 28 June 2021, that she, along with a coalition of 28 AGs had sent a letter to congressional leaders to support the ability of the Federal Trade Commission ('FTC') to successfully combat fraudulent and anticompetitive conduct. In particular, the letter highlights the support for House Resolution ('HR') 2668 for the Consumer Protection and Recovery Act which would ensure the ability of the FTC to obtain equitable monetary relief, including restitution for consumers and disgorgement of ill-gotten gains. In addition, the letter applauds HR 2668's goal of redressing harms suffered by victims of anticompetitive, unfair, or deceptive
News
USA: AGs' letter to congressional leaders supports FTC powers needed for consumer protection efforts
June 29, 2021
Summary
New York Attorney General Letitia James, with 28 other AGs, sent a letter to congressional leaders on 28 June 2021 supporting the FTC's power to obtain equitable monetary relief for consumers. They endorse HR 2668, the Consumer Protection and Recovery Act, which would allow the FTC to secure restitution and disgorgement following a Supreme Court decision limiting the FTC's authority under Section 13(b). The letter emphasizes that state enforcement benefits from FTC collaboration and that without this authority, states would have to redirect resources, impacting consumer protection efforts.