Search Results for keywords:"FTC Act"

Found 3 results

Search Results: keywords:"FTC Act"

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  • 2024-28720 — Guardian Service Industries, Inc.; Analysis of Agreement Containing Consent Order To Aid Public Comment
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    Type:Notice
    Citation:89 FR 96980
    Reading Time:about 28 minutes

    The Federal Trade Commission (FTC) has accepted a proposed consent agreement to address anticompetitive practices by Guardian Service Industries, Inc. The company was found to have used "No-Hire Agreements" that prevented other businesses from hiring its employees, which the FTC claims are unfair methods of competition under federal law. The proposed consent order will make these agreements void and includes measures to inform affected parties. Some FTC commissioners have expressed dissent, arguing that there was insufficient evidence of antitrust violations. The public can submit comments on this proposed agreement until January 6, 2025.

    Simple Explanation

    The big people at the Federal Trade Commission (FTC) are making Guardian Service Industries stop using rules that say, "You can't take our workers," because that's not fair. Some people at the FTC don't agree, and they want to hear what other people think about this idea by January 6, 2025.

  • 2025-02022 — Petition for Rulemaking of Central Office of Reform and Efficiency (Rules of Practice)
    Type:Proposed Rule
    Citation:90 FR 8692
    Reading Time:about 2 minutes

    The Federal Trade Commission (FTC) has received a petition for rulemaking from the Central Office of Reform and Efficiency. This petition seeks to amend existing regulations to create clear timelines for acknowledging and responding to rulemaking petitions to improve transparency and accountability. The FTC is welcoming public comments on this petition and will review all feedback before deciding whether to take action. Comments must be submitted by March 3, 2025, and they should not contain sensitive or confidential information.

    Simple Explanation

    The people in charge of making sure everyone follows the rules for trading things want to know if they should change how they handle requests for new rules, asking everyone what they think about this and giving them time until March 3, 2025, to share their ideas. They want to be sure everything is fair, but they don't tell us how they'll decide what ideas are best, and they remind people not to tell any secrets when sharing their thoughts.

  • 2025-01361 — Adjustments to Civil Penalty Amounts
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    Type:Rule
    Citation:90 FR 5580
    Reading Time:about 9 minutes

    The Federal Trade Commission (FTC) is updating its civil penalties to adjust for inflation, as required by law. These changes increase the maximum fines for violations of various acts, such as the Clayton Act and the FTC Act, and will take effect on January 17, 2025. The adjustments follow a cost-of-living formula and apply to fines assessed after the effective date. These updates fulfill an annual requirement under the Federal Civil Penalties Inflation Adjustment Act of 2015.

    Simple Explanation

    The Federal Trade Commission is making sure that the fines people pay when they break certain rules are kept up-to-date with money value changes over time. This means the fines might be higher to keep up with how money's value changes every year.