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.