Frank Pallone actually said...

"The thoughtful proposals Members have made on agency reform deserve attention--in particular, those designed to increase transparency into the Commission, like the FTC Reports Act, sponsored by Congre..."

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

"Well-crafted regulations can help consumers and businesses, but poor regulatory design can raise prices, stifle innovation, and reduce consumer choice."

"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."