Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of several bipartisan bills that have resulted from the focus on the industries creating the jobs of tomorrow within the Subcommittee on Commerce, Manufacturing, and Trade. In particular, we examined the Federal Trade Commission's oversight of and impact on innovation. We considered several bills to streamline the Federal Trade Commission's authority in emerging areas. These bills build on the Federal Trade Commission's work in overseeing the most cutting edge industries as well as threats to consumer protection presented, in part, by technological advances. Mr. Speaker, the Federal Trade Commission has a good model for policing unfair and deceptive practices in economic sectors driven by emerging technology. We highlighted this in our Disrupters Series of hearings, focusing on new and game-changing technologies. The Federal Trade Commission operates under a flexible framework, and this session we sought to make improvements. Before I get into the bills we consider today, I want to highlight H.R. 5510, the Federal Trade Commission Process and Transparency Reform Act, which would strengthen the Federal Trade Commission's model by ensuring it has the right tools, the right restraints, and, of course, transparency.…”