Commerce, Manufacturing, and Trade Subcommittee, Energy and Commerce Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Revealing Economic Conclusions for Suggestions Act or the RECS Act This bill requires the Federal Trade Commission (FTC), when submitting recommendations for legislation, to submit an accompanying economic analysis. The required analysis must demonstrate that (1) the FTC has identified a problem it determines should be addressed (including the FTC's rationale for determining that private markets or public institutions could not address this issue), and (2) the recommended legislation is based on a reasoned determination that the benefits of the recommended legislation outweigh its costs.
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Timeline
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Consumer Protection and Commerce.
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Consumer Protection and Commerce.
Commerce
Congressional oversightEconomic performance and conditionsFederal Trade Commission (FTC)Government information and archivesGovernment studies and investigations
RECS Act
USA117th CongressHR-2676| House
| Updated: 4/21/2021
Revealing Economic Conclusions for Suggestions Act or the RECS Act This bill requires the Federal Trade Commission (FTC), when submitting recommendations for legislation, to submit an accompanying economic analysis. The required analysis must demonstrate that (1) the FTC has identified a problem it determines should be addressed (including the FTC's rationale for determining that private markets or public institutions could not address this issue), and (2) the recommended legislation is based on a reasoned determination that the benefits of the recommended legislation outweigh its costs.
Commerce, Manufacturing, and Trade Subcommittee, Energy and Commerce Committee
Commerce
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Congressional oversightEconomic performance and conditionsFederal Trade Commission (FTC)Government information and archivesGovernment studies and investigations