"We cannot afford to compromise the FTC's core consumer protection mission that has served the American public well."
"Magnuson-Moss did not kill FTC rulemaking. A change in enforcement philosophy killed FTC rulemaking."
"You have no objection to the Congress working on tightening that definition up and being more helpful."
"Been used one time."
"my first choice is that the FTC be given all of the authority over consumer protection law enforcement"
"Might it be that, if we provided the FTC with more resources, this 7-year average proceedings could be shortened?"
"I think that would be useful, Senator."
"Absolutely, Senator. And I'm a Republican, I should add. But, that was my view then, and it is my view now."
"It's important to note that these are representatives of the very businesses we are relying on to create new jobs and put our constituents back to work."
"So, actually, Magnuson-Moss was a mistake from the get-go."
"We need to make sure, as Senator Pryor and Senator Wicker mentioned, that the FTC has the resources it needs to pursue those who perpetrate fraud."
"Whenever and however the Senate addresses financial regulatory reform and consumer protection in the coming weeks and months, I believe this well-established authority must be kept firmly intact."
"We want to ensure the FTC has the capabilities and resources necessary to keep our consumers safe."
"The FTC plays a key role in ensuring the safety of American consumers and financial services."
"I think many Americans might think that, 'Well, in the case of an agency with powers like this, we should keep that.'"
"Statement of Senator Wicker"
"I don't think, frankly, giving the Commission a whole lot of resources is going to solve the problem."
"If we move forward and repeal, or substantially change, the Magnuson-Moss safeguards, what's it going to hurt?"
