This bill would impose strict procedural requirements on the Federal Trade Commission before it can finalize new rules regulating automotive retail practices. Specifically, the FTC would need to complete a statistically valid national study on unfair or deceptive practices in car dealerships, conduct consumer testing to show that new disclosure requirements actually help consumers without harming legitimate business activity, and perform a detailed economic cost-benefit analysis—all of which must be peer-reviewed and open for public comment for at least 30 days before the agency can even propose a rule. The bill also requires that any final rule be open for public comment for at least 120 days and apply equally to franchised dealerships, independent dealers, and direct sellers of vehicles. This legislation would directly affect the FTC's rulemaking authority over car dealers and any future proposals related to automotive retailing. There is no specific funding allocation or implementation deadline mentioned in the bill, though it targets a proposed FTC rule published in July 2022 and any similar rules proposed after September 2023.
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