Federal Trade Commission
The FTC is already working to restructure the agency by allowing new groups within the Bureau of Competition and the Bureau of Consumer Protection that streamline demands for information in investigations to eliminate unnecessary costs to companies and individuals who receive them. Those bureaus are also reviewing old investigations and closing them where appropriate.
The Bureau of Consumer Protection is reviewing closed data security investigations to extract key lessons to distribute to companies for improved guidance and transparency.
The Bureaus of Consumer Protection and Economics are integrating economic implications earlier in FTC investigations to better inform agency decisions about the consumer welfare effects of potential regulations. The agency is also looking to cut back on regulations that are “no longer in the public interest.”
Maureen Ohlhausen, acting chairwoman of the FTC, has established a new capability within her office to collect and review ideas on reforming agency processes to increase efficiency across the agency.
“I welcomed the President’s directive, and we’re already working hard to achieve it,” Ohlhausen said in a statement. “We are focusing our resources where they will do the most good for the public and eliminating wasteful, legacy regulations and processes that have outlived their usefulness.”