FTC Chair Discusses Trump's Executive Order on Reducing Regulatory Barriers

FTC's Approach to Regulation

• 💡 FTC Chair Ferguson emphasizes a return to the agency's roots: enforcement of the law rather than rulemaking.
• 📌 He acknowledges that lawmaking authority should remain with Congress.

CARS Rule and Take It Down Act

• 🚗 The CARS rule, previously adopted and then vacated, is not currently effective and there are no plans to revisit it.
• 🚫 The FTC will enforce the Take It Down Act, which requires notice and removal of non-consensual intimate visual depictions.
• 💻 Enforcement of the Take It Down Act will require segregated IT systems and specialist investigators and lawyers to handle the sensitive material.

Executive Order on Market Competition

• 🚀 President Trump's executive order to reduce anti-competitive regulatory barriers is highlighted as a significant initiative.
• 🗣️ The FTC has issued a request for information to the public, particularly small business owners, to identify regulations that hinder competition.
• 📬 Letters have been sent to federal agency heads requesting lists of regulations they enforce that are considered anti-competitive, with justifications for their retention.
• ⏳ The request for information is still open, and the FTC is awaiting input before identifying specific regulations for review with the Department of Justice.
• 📝 Recommendations for the deletion of anti-competitive regulations will be sent to the President and OMB.