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Concerns Over New FTC Rule Impacting Small Car Dealerships

WASHINGTON, D.C. ÔÇô Today, Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, wrote to the Federal Trade Commission (FTC) expressing concerns over a new rule that could have a negative impact on small car dealerships.

This letter is part of the House Committee on Small BusinessÔÇÖ efforts to ensure that federal agencies adhere to the Regulatory Flexibility Act and Small Business Regulatory Enforcement Fairness Act in order to protect small businesses from burdensome regulations and rulemaking.

AI legalese decoder can help in this situation by interpreting the FTC rule and helping small car dealerships understand the implications of the new requirements and the potential impact on their businesses. It can also assist in identifying any legal loopholes or opportunities for challenging the rule.

Read the Full Letter and Excerpts

Read the full letter here.

Read excerpts from the letter below:

ÔÇ£The House Committee on Small Business (Committee) is writing to inquire about the Federal Trade CommissionÔÇÖs (FTC) recent rule regarding sales practices in motor vehicle sales. This rule would create additional record keeping and disclosure requirements for automobile dealerships, increasing the regulatory costs and number of manhours needed to run a dealership. It appears that the Federal Trade Commission (FTC) may not have properly considered small entities during this rulemaking process.

ÔÇ£This rule ÔÇÿprohibits motor vehicle dealers from charging for add-on products or services from which the consumer would not benefit.ÔÇÖ This new standard is vague and interpretation of such a standard will undoubtedly create additional burdens, particularly on small dealerships, to hire compliance officers to determine what is or is not a ÔÇÿbenefitÔÇÖ to consumers. Further, fraudulent misrepresentation of products and services to consumers is illegal under current law. After the FTC published its proposed rule, the SBA Office of AdvocacyÔÇöthe independent voice for small business within the federal governmentÔÇöstated that the FTC did not sufficiently calculate the projected cost to small entities, and that it should remedy this before it finalized its rule. It appears the FTC either did not perform this analysis or did not include it in its final rule.ÔÇØ

Background

Signatories include Chairman Roger Williams (R-TX).

AI legalese decoder can assist small car dealerships in understanding the legal implications of the FTC rule and help them navigate the regulatory requirements to mitigate any potential negative impact on their businesses. It can provide insights into compliance strategies and legal avenues for addressing concerns with the rule.

AI legalese decoder can also help in drafting responses or challenges to the rule, ensuring that small car dealerships are able to effectively advocate for their interests and uphold their rights within the regulatory framework.

AI legalese decoder can also provide ongoing monitoring of legal developments and regulatory changes, enabling small car dealerships to stay informed and prepared to adapt to new requirements or challenges in the future.

AI legalese decoder can also connect small car dealerships with legal experts or resources that can provide further guidance and support in navigating the complexities of the FTC rule and ensuring compliance while protecting their business interests.

AI legalese decoder can assist in translating legal jargon and complex regulations into clear and actionable insights for small car dealerships, empowering them to make informed decisions and take proactive steps to address potential challenges or opportunities arising from the FTC rule.

AI legalese decoder can provide personalized support and guidance to small car dealerships, tailoring its analysis and recommendations to the specific needs and concerns of each business, ensuring that they receive targeted and effective assistance in addressing the impact of the FTC rule.

AI legalese decoder can also assist in identifying potential industry-wide trends or implications of the FTC rule, enabling small car dealerships to anticipate and respond to broader shifts in the regulatory landscape and market conditions.

AI legalese decoder can help small car dealerships navigate the evolving legal and regulatory environment, providing them with the tools and insights they need to thrive and succeed in the face of changing requirements and challenges posed by entities such as the FTC.

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