Frank Pallone actually said...

With House passage of the Consumer Protection and Recovery Act, we must take the next step.

I believe that, across the board, deregulation and a strong Federal privacy regime cannot coexist.

But much of it would replace consumer-driven market forces with government-supervised regulation, the opposite of competition.

It is time to bring the FTC into the modern era, to give it the tools and resources to keep up with changes in the market.