FTC Robust Elderly Protections and Organizational Requirements to Track Scams Act or the FTC REPORTS Act
This bill amends the Federal Trade Commission Act to require the Federal Trade Commission (FTC) to publish and submit to Congress annually: (1) the FTC's plan for the next calendar year, and (2) a report on FTC enforcement actions involving allegations of fraud targeting individuals who are 65 or older during the previous year.
The FTC's annual plan must describe:
its projected activities, priorities, rulemakings, guidelines, restructuring plans, and projects; how its activities combat fraud against individuals who are 65 or older; and the projected dates and timelines for such activities. The FTC's annual report about enforcement actions involving allegations of fraud targeting individuals who are 65 or older during the previous year must include:
a description of each FTC enforcement action involving allegations of fraud against such individuals; the disposition of such enforcement actions, broken down by category; and the proportion of enforcement actions involving allegations of fraud against such individuals as a percentage of all enforcement actions relating to unfair or deceptive acts or practices in or affecting commerce brought by the FTC.
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