Summary: H.R.5136 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.5136. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/29/2016)

Revealing Economic Conclusions for Suggestions Act or the RECS Act

This bill amends the Federal Trade Commission Act to prohibit the Federal Trade Commission (FTC) from submitting legislative or regulatory recommendations without an economic analysis by the FTC's Bureau of Economics sufficient to demonstrate that: (1) the FTC has identified a problem it determines should be addressed, including the rationale for the FTC's determination that private markets or public institutions could not adequately address the issue; and (2) the recommendation is based on a reasoned determination that its benefits outweigh its costs.