TIME 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)
Technological Innovation through Modernizing Enforcement Act or the TIME Act
This bill limits to a maximum of eight years the duration of consent orders entered into by the Federal Trade Commission.
Further, a consent order that is not related to fraud and is effective for more than five years must include a clause requiring the commission to evaluate the order after five years and terminate the order if it no longer serves its purpose. If an entity has been subject to such a consent order for at least five years, it may petition the commission to terminate the order.
Subjects
- Administrative remedies
- Advanced technology and technological innovations
- Competition and antitrust
- Consumer affairs
- Federal Trade Commission (FTC)
- Fraud offenses and financial crimes
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.