Summary: S.1392 — 102nd Congress (1991-1992)All Information (Except Text)

Bill summaries are authored by CRS.

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Senate agreed to House amendment with amendment (10/07/1992)

Telemarketing and Consumer Fraud and Abuse Prevention Act - Requires the Federal Trade Commission (FTC) to prescribe rules prohibiting deceptive or abusive telemarketing activities. Requires the Securities and Exchange Commission to promulgate similar rules to apply to persons involved in securities and investment dealings.

Amends the Commodity Exchange Act to require the Commodity Futures Trading Commission to promulgate similar rules in connection with activities of futures commission merchants, introducing brokers, commodity trading advisories, commodity pool operators, leverage transaction merchants, or floor brokers or traders.

Permits actions by States and private parties to enjoin prohibited telemarketing practices. Authorizes the FTC to bring criminal contempt actions for violations of court orders. Sets forth requirements for FTC civil investigative demands for the production of physical evidence.