United States Congress
Shrinkflation Prevention Act of 2024
February 28, 2024
Summary
The Shrinkflation Prevention Act of 2024 would direct the Federal Trade Commission to issue regulations defining product downsizing without a commensurate price reduction as an unfair or deceptive act or practice. The bill requires the FTC to prohibit manufacturers from engaging in shrinkflation within 18 months of enactment. This legislation is not specific to the mortgage industry but could affect any entity that manufacturers consumer products.
Source: https://www.congress.gov/bill/118th-congress/s-bill/3819
Common questions
- What does "Shrinkflation Prevention Act of 2024" cover?
- The Shrinkflation Prevention Act of 2024 would direct the Federal Trade Commission to issue regulations defining product downsizing without a commensurate…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on February 28, 2024.