Sponsors
The bill aims to reduce ambiguity in the FTC Act's definition of 'corporation,' but that textual change risks unintentionally expanding FTC authority and imposing new uncertainty and costs on businesses.
State governments, financial institutions, and small business owners will face clearer statutory language in the FTC Act's definition of “corporation,” reducing regulatory and judicial ambiguity about how the law is applied.
Financial institutions and small business owners could face legal uncertainty about whether they fall under FTC authority if the textual change unintentionally alters the statute's scope.
Small business owners and financial institutions may incur new compliance costs or increased enforcement risk if the revised definition broadens the FTC's coverage.
Based on analysis of 2 sections of legislative text.
Makes a minor wording change to the FTC Act's definition of "Corporation," replacing ", and any" with ", any" and inserting text in the final clause (empty in excerpt).
Introduced April 24, 2025 by Victoria Spartz · Last progress April 24, 2025
Makes a short title for the Act and makes a very small textual edit to the statutory definition of "Corporation" in the Federal Trade Commission Act by replacing the phrase ", and any" with ", any" and inserting text (empty in the provided excerpt). The change is a wording/punctuation-level amendment to the definition used in FTC enforcement and related legal interpretation.