The Federal Trade Commission (FTC) works hard to protect consumers from unfair business practices, fraudulent behavior, and inaccurate information. They work with the Food and Drug Administration (FDA) to make consumers aware of what they are buying. Periodically, they make revisions to their laws. That’s what the FTC planned to do when they asked for comments on their Fair Packaging and Labeling Act.
In 1967, the FTC came out with the Fair Packaging and Labeling Act. They are now soliciting comments on possible amendments to the law. Currently, all businesses are required by law to identify information such as the source, content, quantity, and quality of their products on the labeling. There are also different requirements for certain products, such as meat, tobacco, and alcoholic beverages. Some products are also exempt from the practice.
The FTC originally sought comments in March 2014. As a result, they have come up with three major proposed amendments:
- Modernizing the place-of-business listing requirements to include online resources
- Eliminating obsolete references to commodities advertised using the term “cents off,” “introductory offer,” and “economy size”
- Incorporating a more comprehensive metric chart
The FTC voted on the proposed amendments and all were approved 5-0. The FTC plans to ask for comments on their regulations and their Fair Packaging and Labeling Act more frequently to keep it up to date with the expectations of consumers. You can read all of the comments received by the FTC on their website.
Businesses that sell products must stay up to date with the regualtions of the FTC and FDA or face fines and steep penalties. Before any business releases a new product to consumers, they must first make sure that is complies with the FTC and FDA rules. This is a major step in the supply chain.