Referred to the Committee on Education and the Workforce, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill establishes protections and financial incentives for whistleblowers who report violations to the Federal Trade Commission. It prohibits covered entities from retaliating against employees who make disclosures about alleged FTC violations through discharge, demotion, harassment, or other adverse actions. Whistleblowers who bring successful cases can receive awards of between 10 and 30 percent of collected monetary sanctions, funded through a newly created Federal Trade Commission Consumer Protection Fund. The bill provides whistleblowers with legal remedies including reinstatement, triple back pay with interest, and compensation for legal fees if they win their cases, while preventing employers from enforcing arbitration agreements or non-compete agreements that would restrict their ability to report violations or work afterward. Whistleblowers have six years from the date of violation, or three years from when they knew the facts, to file suit, up to a maximum of ten years after the violation occurred.
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