RECS Act
- Last Action
- 4/21/2021
Actions
- 2021-04-21Referred to the Subcommittee on Consumer Protection and Commerce.
- 2021-04-20Referred to the House Committee on Energy and Commerce.
- 2021-04-20Introduced in House
- 2021-04-20Introduced in House
CRS Summary
As of 2021-04-20 (00)
Revealing Economic Conclusions for Suggestions Act or the RECS Act
This bill requires the Federal Trade Commission (FTC), when submitting recommendations for legislation, to submit an accompanying economic analysis.
The required analysis must demonstrate that (1) the FTC has identified a problem it determines should be addressed (including the FTC's rationale for determining that private markets or public institutions could not address this issue), and (2) the recommended legislation is based on a reasoned determination that the benefits of the recommended legislation outweigh its costs.
Subjects
- Congressional oversight
- Economic performance and conditions
- Federal Trade Commission (FTC)
- Government information and archives
- Government studies and investigations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.