Search Results for keywords:"Federal Trade Commission"

The Maritime Sustainment Technology and Innovation Consortium (MSTIC) has updated the Department of Justice and the Federal Trade Commission about changes in its membership. New members include various companies and institutions like Amaero Advanced Materials and Manufacturing, Inc. and Carnegie Mellon University. These notifications are part of a process to limit the amount antitrust plaintiffs can recover in certain legal circumstances. MSTIC remains open to new members and will continue to report changes as they occur.

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.

On October 18, 2024, the Defense Industrial Based Consortium (DIBC) submitted notifications to the Attorney General and the Federal Trade Commission about changes in its membership to seek protection under the National Cooperative Research and Production Act of 1993. This protection limits antitrust plaintiffs to claiming actual damages under certain conditions. Additionally, several organizations have withdrawn from the consortium, but the group remains open to new members. The Department of Justice had initially published the DIBC's activities in the Federal Register on June 24, 2024, with the latest update being on September 17, 2024.

The Rust Foundation has submitted notifications to the Attorney General and the FTC about changes in its membership concerning a group research project under the National Cooperative Research and Production Act. Specifically, SixtyFPS GmbH and Watchful Inc. have withdrawn from the project. The project's membership remains open, and the Rust Foundation will continue to update the authorities about any changes. This notice also mentions previous notifications and filings made under the Act.

Chevron Corporation and Hess Corporation have requested the Federal Trade Commission (FTC) to review and nullify a previous order from January 17, 2025. This order stopped Chevron's efforts to appoint Hess CEO John B. Hess to Chevron's board following their merger, which was seen as potentially harming competition by increasing industry coordination. Chevron and Hess argue that the order lacks a valid antitrust basis, claiming that Mr. Hess's role would not significantly affect competition or oil prices, and that removing the order would be in the public interest to enhance U.S. energy production. The FTC is inviting the public to comment on this petition until May 12, 2025.

The Federal Trade Commission (FTC) has announced new adjustments to civil penalty amounts within its jurisdiction to account for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 2015. These changes, effective from January 13, 2021, affect various penalty amounts, including those related to premerger filing notifications, unfair or deceptive acts, and labeling violations. The adjustments are based on a cost-of-living adjustment formula that compares the Consumer Price Index from two preceding Octobers. This ensures penalties are updated annually to maintain their deterrent effect and to reflect economic changes.

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.

The Federal Trade Commission has proposed a consent agreement with Chemence, Inc. to address allegations of deceptive practices related to their claims about products being "Made in USA." The FTC found that Chemence falsely advertised their glue products as primarily made in the United States, while much of the materials were sourced from abroad. The proposed order includes a $1.2 million judgment and guidelines for future advertising and compliance measures, including preventing Chemence from making false claims about product origins unless they accurately reflect manufacturing and material sources. This action is part of a shift towards stricter enforcement of "Made in USA" claims, aiming to protect consumers and honest competitors.

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.

The Naval Surface Technology & Innovation Consortium (NSTIC) has updated its membership by adding new entities such as ACP Technologies LLC, Carnegie Mellon University, and others, while Reservoir Labs, Inc. has withdrawn. This change was filed on October 10, 2024, with both the Attorney General and the Federal Trade Commission, as required by the National Cooperative Research and Production Act of 1993. The purpose of such filings is to extend legal protections regarding antitrust issues. Membership in this group remains open, and NSTIC plans to continue updating the authorities about any changes.