*Senate Bill S.4626 did not pass. Now we must stop House Bill H.R. 2668, which was introduced in its place.*
Immediate Action Step
1. Download this letter template and send to Senator Mitch McConnell, ASAP!
2. Download this letter template and send to the following Senators: Chuck Schumer, Maggie Hassan, Raphael Warnock, Catherine Cortez Masto, Mark Kelly, Michael Bennet, Kyrsten Sinema, Joe Manchin.
3. Distribute this press release to all major media outlets.
2. Download this letter template and send to the following Senators: Chuck Schumer, Maggie Hassan, Raphael Warnock, Catherine Cortez Masto, Mark Kelly, Michael Bennet, Kyrsten Sinema, Joe Manchin.
3. Distribute this press release to all major media outlets.
Defend Your Rights Against the FTC
why should you oppose House bill H.R.2668?
if this bill passes, it will allow the federal trade commission to take money from business owners and freeze all of their assets without affording them their constitutional right of due process.
what did the supreme court say?
On April 22, 2021 the Supreme Court ruled unanimously (9-0) against the FTC saying that they had been acting illegally! See the court's decision here.
The FTC is now aggressively urging Congress with House Bill H.R.2668 to expand the scope of Section 13(b) to allow their illegal practices to continue.
how can you help Stop House bill H.R.2668?
send an email
Send an email to your senators and state representatives to help protect your business and other hard working business owners against the FTC's attempt to expand its powers.
Email Template
- Download the email template below.
- Replace the text highlighted in green with your own information.
- Adjust the message in an way you like (we recommend you keep the same formatting)
- Email this message to your local Senators and State Representatives. You can email them all at the same time for free using Democracy.io
Email Template
What Exactly Has The FTC Been Doing?
For years, the Federal Trade Commission has illegally used Section 13(b) of the FTC Act to rob companies of BILLIONS of dollars. Here's their modus operandi:
- Choose a company that seems like an easy target.
- File a complaint to a district court accusing the company of fraud or deceptive practices, hold an ex parte hearing, and convince the court to grant an temporary restraining order, appoint a receiver, and freeze ALL of the assets of the company and its owners. This means the FTC convinces the court to effectively shut down a business and freeze all of the assets of the company and its owners before the company and its owners even knows what's goin on (before they even get a chance to defend themselves).
- With the defendants (the company and its owners) left in a position with no income or access to their funds, the FTC typically wins by default and forces the company to pay them large sums of money under the guise of "returning funds to harmed consumers."
- The FTC then stuffs their pockets with about 95% of the money they collect for "consumer redress" and only pays about 5% to the so called "harmed consumers." Their own stats show this.
Will Opposing this bill prevent the FTC from retrieving money for consumers who have been scammed?
Absolutely NOT! The FTC has a legal remedy already in place (Section 19 of the FTC Act) that allows them to retrieve ill-gotten gains while affording all parties their Constitutional rights.
Resources
- Supreme Court Oral Argument 1/13/21 (Video/Audio) / Supreme Court Oral Argument 1/13/21 (Transcript)
- Supreme Court Decision 4/22/21
- The Genesis of Consumer Protection Remedies Under Section 13(b) of the FTC Act, David M. Fitzgerald
- Buffalo Law Review: Does The FTC Have Blood On Its Hands- Analysis of FTC Overreach and Abuse of Power
- Stop House Bill H.R.2668 Slideshow (PDF)
Additional Resources
The information contained on this website is the research-based opinion of the website owner. If you have any doubts concerning the legitimacy of the information on this website, it is recommended that you confirm the information through your own research.
