Search Results for keywords:"Federal Trade Commission"

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Search Results: keywords:"Federal Trade Commission"

  • Type:Notice
    Citation:86 FR 6330
    Reading Time:less than a minute

    The Federal Trade Commission (FTC) has updated the financial thresholds that determine when a person is prohibited from being a director or officer of two competing companies, which is governed by Section 8 of the Clayton Act. As of January 21, 2021, competing companies are covered by these rules if each has combined capital, surplus, and undivided profits over $10,000,000, unless the competitive sales of either company are less than $1,000,000. The new threshold amounts are $37,382,000 for one type of evaluation and $3,738,200 for another. These changes reflect adjustments that happen every year based on the gross national product.

    Simple Explanation

    The FTC made new rules about how big companies can be before one person can't be a boss at two competing companies at the same time, and it's like saying if a company has more than a big number of dollars, special rules apply. They change these numbers every year to keep up with the country's money changes.

  • Type:Notice
    Citation:86 FR 8640
    Reading Time:about 9 minutes

    The Federal Trade Commission (FTC) is proposing to extend the approval for its information collection requirements under the Wool Products Labeling Act of 1939 for another three years. This act requires wool product labels to prevent misbranding and help consumers make informed purchases. The FTC is asking for public comments on the necessity and practicality of these requirements, and whether the burden of maintaining records and providing disclosures could be reduced. Comments must be submitted by April 9, 2021, and can be filed online or via mail.

    Simple Explanation

    The Federal Trade Commission (FTC) wants to keep a rule that helps make sure labels on wool clothes are correct, so people know what they're buying. They are asking people to share their thoughts on this before they make a final decision.

  • 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:Notice
    Citation:86 FR 5251
    Reading Time:about 3 minutes

    The National Armaments Consortium (NAC) has informed the Attorney General and the Federal Trade Commission about changes in its membership as required by the National Cooperative Research and Production Act of 1993. Several new organizations, such as Acutronic USA Inc. and L3Harris Technologies Power Paragon, Inc., have joined the consortium, while others, including AAI Corporation Inc. and Optimax Systems, Inc., have left. Membership in the consortium remains open, and the NAC continues to update its membership details regularly as per legal requirements. The last notification was filed on October 9, 2020, and announced in the Federal Register on October 30, 2020.

    Simple Explanation

    The National Armaments Consortium (NAC) is a group of companies that work together on big projects. Recently, some new companies joined, and some left. They have to tell the government about these changes, but the rules about how and why this happens are a bit confusing.

  • Type:Notice
    Citation:90 FR 8153
    Reading Time:about a minute or two

    The Undersea Technology Innovation Consortium (UTIC) has submitted notifications to the Attorney General and the Federal Trade Commission about changes in its membership. These changes involve adding new members like The Mason and Hanger Group, Inc., and others, while some members such as iXblue Defense Systems, Inc. have withdrawn. These notifications are part of efforts to limit plaintiffs' recovery to actual damages under certain antitrust laws. UTIC plans to continue updating its membership status in the future.

    Simple Explanation

    The Undersea Technology Innovation Consortium is a group that works on technology projects for underwater stuff, and it told the government about some people joining or leaving the group. This helps make sure that if anyone sues them for breaking certain rules, they only pay for real damages, not extra money.

  • Type:Notice
    Citation:90 FR 16705
    Reading Time:about a minute or two

    ODVA, Inc. has informed the Attorney General and the Federal Trade Commission about changes in its membership under the National Cooperative Research and Production Act of 1993. New members, including companies from Japan, China, the USA, Israel, and Switzerland, have joined, while a German company has left. These changes are intended to involve more companies in their research project while keeping the benefits of limited antitrust damages. This notification follows earlier ones published in the Federal Register in 1996 and 2025.

    Simple Explanation

    ODVA, Inc. told the government about some changes in the group of companies working together on a project; new companies from five countries joined, and one company left. They do this so they can work together more easily without getting into trouble with certain 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:Notice
    Citation:90 FR 8302
    Reading Time:about a minute or two

    The Blockchain Security Standards Council, Inc. (BSSC) has informed the Attorney General and the Federal Trade Commission about changes in its membership as part of a notice filed under the National Cooperative Research and Production Act of 1993. Specifically, Turnkey Global, Inc. and BitGo have joined the venture. This notice aims to provide antitrust protection for group members under certain conditions. Membership in the project remains open, and BSSC plans to continue reporting any changes.

    Simple Explanation

    The Blockchain Security Standards Council told some important people that two new members, Turnkey Global, Inc. and BitGo, joined their group. This helps everyone work better together and follow the rules.

  • Type:Notice
    Citation:89 FR 95237
    Reading Time:about 6 minutes

    The Customer Experience Hub (CX Hub) has informed the Attorney General and the Federal Trade Commission about changes in its membership, following the National Cooperative Research and Production Act of 1993. New members added to the CX Hub include numerous organizations across various states, such as Alethium Technologies and Baylor College of Medicine. The CX Hub aims to limit antitrust plaintiffs' recovery to actual damages under specific conditions, and it plans to continue updating the authorities regarding any further membership changes. This is part of an ongoing effort to comply with antitrust regulations and maintain transparency in cooperative research efforts.

    Simple Explanation

    The Customer Experience Hub is a group of different organizations working together, and they've told the government about new members joining them. They're making sure to follow rules about fair competition and will keep updating the authorities if more changes happen.

  • Type:Notice
    Citation:90 FR 8815
    Reading Time:about a minute or two

    The DVD Copy Control Association (DVD CCA), under the National Cooperative Research and Production Act of 1993, has updated its membership, as disclosed in a notice to the Attorney General and the Federal Trade Commission. Panasonic Automotive Systems, located in Yokohama, Japan, has joined the association, while several companies, including Almedio Inc. and Sharp North Malaysia, have withdrawn. There are no other changes in the group's activity or membership, and the association plans to continue updating on any further changes. The last public notice regarding membership was published on June 21, 2024.

    Simple Explanation

    The DVD Copy Control Association (the group that helps protect DVDs from being copied) has a new member, Panasonic Automotive Systems from Japan, but a few companies have left, like Almedio Inc. and Sharp North Malaysia. There aren't any new updates on their work; just some changes in who is part of the group.