Criminal referrals and increased penalties are what will put them out of business.
Mr. Kaufman, let's be very blunt. These warnings are just a slap on the wrist.
Thank you very much, Ms. Patten. Thank you for that excellent description of the explosion that we're seeing in frauds a...
You know, one may wonder, given all that's been said about 13B authority, who's against restoring it and why.
So the challenge is not diminishing with our ability to potentially conquer the pandemic through increased vaccinations ...
In effect, what the Chamber of Commerce wants to do is convert 13B into a criminal statute.
The Supreme Court decision really is an existential threat to the FTC and to consumers.
We need to bolster and support the FTC, providing more legal tools and resources where necessary to defend consumers.
This decision permits loan shark AMG to pocket $1.3 billion that it stole from constituents in your communities.
Congress must provide a broad and permanent 13B fix.
The FTC must act more swiftly to stop scams, perhaps going to court without Department of Justice authority.
I join that request.
I think education, Ms. Patten, is a very important component here.
The time for warnings is over. The FTC must go to court against wrong-doings.
Right now for these platforms, there's no cost to inaction.
Ironically, the increasing hope resulting from the vaccines has only accelerated the frauds that we're seeing.
Unless Congress acts to fix 13B, many of these cases will simply disappear and our senior citizens, our military veteran...
I look forward to tackling it in combination with the Ranking Member, Senator Blackburn.
