The Federal Trade Commission held an open meeting of the Commission virtually on Wednesday, July 21, 2021 beginning at 1 p.m. ET.
The following items were on the agenda for the July 21 Commission meeting:
Business Before the Commission
Care Labeling Rule: In a 5-0 vote, the Commission issued a statement to notify the public that it will not repeal the Care Labeling Rule, as previously proposed, and indicated that it will continue to consider ways to improve the Rule to the benefit of families and businesses. In July 2011, the Commission initiated a regulatory review proceeding of the Care Labeling Rule. As part of the proceeding, the Commission solicited public comments on multiple proposals to change the rule, including a proposal to repeal the Rule entirely.
Proposed Policy Statement on Repair Restrictions Imposed by Manufacturers and Sellers: The Commission voted to issue a new policy statement, following the Commission's “Nixing the Fix” report which was unanimously agreed to and announced on May 6, 2021.
Policy Statement on Prior Approval and Prior Notice Provisions in Merger Cases: In a 3-2 vote, the Commission rescinded the policy statement issued in 1995. The statement made it more difficult and burdensome to deter problematic mergers and acquisitions.
After the Commission meeting concluded, Chair Khan offered brief remarks and then invited members of the public to share feedback on the Commission’s work generally and bring relevant matters to the Commission’s attention. Members of the public signed up for an opportunity to address the Commission virtually at the July 21 event. Each commenter was allowed to speak for no more than one minute. Anyone who could not participate during the event was allowed to submit written comments or a link to a prerecorded video through a webform. Speaker registration and comment submission was available through July 18, 2021, 8pm ET.