📝FTC Invites Comments on Consumer Data Collection for Business Practices
Agency Information Collection Activities; Proposed OMB Generic Clearance; Comment Request; Generic Clearance for Information Collection Using Voluntary Surveys for Studies Conducted by the Federal Trade Commission Bureau of Economics To Support the FTC's Missions To Protect Consumers and Competition
Summary
The Federal Trade Commission (FTC) is announcing an opportunity for public comment on the proposed collection of certain information through voluntary surveys for studies conducted by the agency. Under the Paperwork Reduction Act of 1995 (the PRA), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information and to allow 60 days for public comment in response to the notice. This notice solicits comments on a generic clearance for the FTC to conduct voluntary surveys/experiments for social and behavioral research that support FTC's consumer protection and competition missions.
Agencies
- Federal Trade Commission
Business Impact
$$ - Med
The FTC's notice is significant for businesses as it involves collecting voluntary consumer data via surveys to investigate potentially harmful business practices, which impacts compliance and consumer protection regulations. Business owners should be aware of how FTC evaluations may affect operational practices and the need to adjust accordingly.