Search Results for keywords:"corporate profits"

Search Results: keywords:"corporate profits"

H. R. 7825 — To direct the Federal Trade Commission to issue regulations to establish shrinkflation as an unfair or deceptive act or practice, and for other purposes.
March 26, 2024
Status:Introduced in House
Congress:118
Words:1,585
H.R. 7825 aims to direct the Federal Trade Commission (FTC) to establish rules that classify "shrinkflation" as an unfair or deceptive act. Shrinkflation occurs when companies reduce the size or amount of a product without a corresponding price decrease, misleading consumers....
Simple Explanation
H.R. 7825 is a bill that wants to stop companies from secretly giving less of a product for the same price, which is like sneaky shrinking. It asks the government to make rules to prevent this trick and lets states help make sure everyone follows the rules.
S. 3819 — To direct the Federal Trade Commission to issue regulations to establish shrinkflation as an unfair or deceptive act or practice, and for other purposes.
February 28, 2024
Status:Introduced in Senate
Congress:118
Words:1,621
The bill S. 3819, titled the "Shrinkflation Prevention Act of 2024," aims to establish regulations through the Federal Trade Commission (FTC) to classify shrinkflation as an unfair or deceptive act. Shrinkflation occurs when companies reduce the size of a product but do not...
Simple Explanation
The "Shrinkflation Prevention Act of 2024" is a rule that wants to stop companies from being sneaky by making products smaller without changing the price, which can trick people buying them. The plan is to have special rules to prevent this trick, and if companies still try to do it, they could get in trouble with the law.

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