ABSTRACT

Congressional Budget Office Cost Estimate: S. 4145, Consumer Protection Remedies Act of 2022   [open pdf - 192KB]

From the Document: "S. 4145 would restore the Federal Trade Commission's (FTC's) authority to obtain monetary relief through restitution or disgorgement, which was struck down by the decision in 'AMG [Affiliated Managers Group] Capital Management, LLC [limited liability company] v. [versus] FTC.' Whereas restitution requires violators to compensate victims for their monetary loss, disgorgement strips violators of monetary profits obtained from illegal activity. When the FTC cannot return that monetary relief to harmed consumers, the money is remitted to the Treasury and thus increases revenues. [...] CBO [Congressional Budget Office] estimates that enacting S. 4145 would increase net revenues by $45 million over the 2022-2032 period."

Publisher:
Date:
2022-06-17
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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