RECS Act
Summary
Revealing Economic Conclusions for Suggestions Act or the RECS Act This bill requires the Federal Trade Commission (FTC), when submitting recommendations for legislation, to submit an accompanying economic analysis. The required analysis must demonstrate that (1) the FTC has identified a problem it determines should be addressed (including the FTC's rationale for determining that private markets or public institutions could not address this issue), and (2) the recommended legislation is based on a reasoned determination that the benefits of the recommended legislation outweigh its costs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 20, 2021
Last action Apr 21, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Apr 21, 2021
Committee
Referred to the Subcommittee on Consumer Protection and Commerce.
lower
Apr 20, 2021
Committee
Referred to the House Committee on Energy and Commerce.
lower
Apr 20, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Larry Bucshon
RRepublican
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