Search Results for keywords:"Federal Trade Commission"

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Search Results: keywords:"Federal Trade Commission"

  • Type:Notice
    Citation:90 FR 10946
    Reading Time:about 3 minutes

    The Biopharmaceutical Manufacturing Preparedness Consortium (BioMaP-Consortium) submitted a notice on January 14, 2025, to the Attorney General and the Federal Trade Commission regarding changes in its membership. This action aims to ensure the Consortium's activities remain protected under the National Cooperative Research and Production Act, which limits antitrust plaintiffs' recovery to actual damages in certain cases. Several companies, including Bella Biologics and CellCo, were added as parties to the venture. The group maintains an open membership and plans further notifications for any additional changes.

    Simple Explanation

    The Biopharmaceutical Manufacturing Preparedness Consortium told the government about new companies joining their group so they can work together better on making medicine. This helps them stay protected under special rules that make it harder for others to sue them for a lot of money.

  • Type:Notice
    Citation:90 FR 647
    Reading Time:about 9 minutes

    The Federal Trade Commission (FTC) proposed a consent agreement with accessiBe Inc. and accessiBe Ltd., addressing alleged violations of unfair or deceptive practices. The agreement accuses accessiBe of falsely claiming their product, accessWidget, could make any website fully compliant with accessibility standards. Additionally, accessiBe did not disclose financial ties to publishers of third-party reviews, which misrepresented the product as unbiased and objective. The order mandates accessiBe to correct these practices, make transparent disclosures, and pay $1,000,000 in monetary relief to the FTC. Public comments on this agreement are invited until February 5, 2025.

    Simple Explanation

    The FTC is telling a company called accessiBe to stop saying things that aren't true about their website tool and to pay a big fine. They are also asking people to share their thoughts about this decision.

  • Type:Proposed Rule
    Citation:90 FR 6843
    Reading Time:about 2 minutes

    The Federal Trade Commission (FTC) has received a petition from the Central Office of Reform and Efficiency, which seeks to clarify vague terms in the negative option plan regulations for better enforcement. The petition is accessible online, and the FTC is inviting public comments on it until February 20, 2025. Interested individuals can submit their comments through the Federal eRulemaking Portal, ensuring no sensitive information is included. The FTC will consider these comments before deciding whether to proceed with rulemaking based on the petition.

    Simple Explanation

    The FTC got a request to make some confusing rules about tricky sales offers clearer. They want people to share what they think about this idea before deciding what to do next.

  • Type:Notice
    Citation:86 FR 9372
    Reading Time:about a minute or two

    The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS) has updated its membership and filed these changes with the Attorney General and the Federal Trade Commission. New members include ClearSpace SA from Switzerland and several U.S.-based companies, while Effective Space from the United Kingdom has left the group. The purpose of the filing is to extend the law that limits how much money can be recovered in antitrust lawsuits against CONFERS. The group plans to continue notifying about membership changes in the future.

    Simple Explanation

    The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS) is like a group of space friends who work together. They have added some new friends and lost one old friend, and they've told the government about these changes to follow the rules.

  • Type:Notice
    Citation:90 FR 17936
    Reading Time:about 3 minutes

    The Federal Trade Commission (FTC) is requesting public comments regarding their proposal to extend for three years the current Paperwork Reduction Act (PRA) clearance, which involves information collection related to the Duties of Consumer Reporting Agencies' rule. This effort is overseen in part with the Consumer Financial Protection Bureau (CFPB), and the collection requirement enables consumers to receive one free file disclosure per year from consumer reporting agencies. Public comments must be submitted by May 30, 2025.

    Simple Explanation

    The FTC wants to keep a rule that lets people see a report about themselves for free once a year, and they're asking people to tell them what they think about this idea by the end of May 2025.

  • Type:Notice
    Citation:86 FR 9375
    Reading Time:about a minute or two

    The Institute of Electrical and Electronics Engineers, Inc. (IEEE) has submitted new notifications under the National Cooperative Research and Production Act of 1993. These notifications, filed on January 11, 2021, aim to limit the recovery of antitrust damages by disclosing changes to IEEE's standards development activities. Specifically, 25 new standards are being initiated and 21 existing ones revised, with more information available on the IEEE website. This process is supported by the Department of Justice and the Federal Trade Commission, continuing a practice that began with an initial filing on September 17, 2004.

    Simple Explanation

    The Institute of Electrical and Electronics Engineers (IEEE) is making some updates to their rules for creating and changing technology standards, and they told the government about it because of a law that helps stop unfair business practices.

  • Type:Notice
    Citation:86 FR 9373
    Reading Time:about 12 minutes

    The Information Warfare Research Project Consortium (IWRP) has updated its membership, filing notifications with the Attorney General and the Federal Trade Commission. Several companies have joined the consortium, including Belle Artificial Intelligence Corporation and General Electric Company, while others like Attollo, LLC and Cask Technologies have withdrawn. These changes are meant to extend protections under the National Cooperative Research and Production Act, which limits recovery for antitrust plaintiffs to actual damages under certain conditions. The consortium remains open to new members, and further changes will be disclosed in future notifications.

    Simple Explanation

    The Information Warfare Research Project Consortium is like a club where companies work together on special projects. Some new companies joined the club, while others left, and they told the government about these changes to follow the rules.

  • Type:Notice
    Citation:90 FR 11553
    Reading Time:about a minute or two

    The Consortium for Rare Earth Technologies (CREaTe) has updated its membership list by adding AsterTech LLC from Dayton, Ohio. This change was reported to the Attorney General and the Federal Trade Commission as required by the National Cooperative Research and Production Act of 1993. The notifications are meant to limit the antitrust plaintiffs' recovery to actual damages when certain conditions are met. CREaTe plans to continue submitting updates about any further changes in membership.

    Simple Explanation

    The Consortium for Rare Earth Technologies added a new company named AsterTech to their group, and they told important government people about it. This group has rules that help them work together nicely, and they plan to keep everyone updated if more companies join.

  • 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.

  • Type:Notice
    Citation:90 FR 16704
    Reading Time:about a minute or two

    The Bytecode Alliance Foundation has informed the Attorney General and the Federal Trade Commission of changes in its membership as required by the National Cooperative Research and Production Act of 1993. Specifically, companies such as Red Hat Inc., Broadcom Inc., Liquid Reply GmbH, and Cisco Systems Inc. have exited the group. Despite these changes, the membership remains open, and the Foundation plans to update future membership changes. This filing intends to extend the Act's provisions that limit antitrust plaintiff's recovery to actual damages under certain conditions.

    Simple Explanation

    The Bytecode Alliance Foundation, a group that works on tech projects together, told the government about some companies leaving the group. It's like telling everyone during recess that some friends have left a club, and the club plans to let everyone know about new changes in the future.

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