What Are The President’s Consumer Protection Priorities? – Advertising, Marketing & Branding
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On March 6th, President Trump issued a proclamation declaring the week of March 2nd to be National Consumer Protection Week.
United States
Media, Telecoms, IT, Entertainment
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On March 6th, President Trump issued a proclamation declaring the week of March 2nd
to be National Consumer Protection Week. While this isn’t such
big news, given that National Consumer Protection Week has been
recognized in the United States for many years now, the
President’s proclamation did provide some insights into what
some of his consumer protection priorities are.
Noting that “Consumer rights are a cornerstone of American
freedom, a building block of the American economy, and a foundation
of American success,” the President said that his
administration is renewing its “commitment to protecting the
American consumer, upholding the right to privacy and transparency,
and ensuring the American economy remains free and
prosperous.”
What are the specific issues on the President’s mind?
First, he highlighted the importance of protecting
consumers’ privacy. He wrote, “Protecting
Americans’ transactions, personal data, and other private
information is essential to their navigation of our dynamic market
economy and their ability to ward off potential fraud and cyber
security scams.”
Second, he emphasized the importance of allowing the
cryptocurrency industry to grow. He explained,
“To protect consumer rights and strengthen American leadership
in global digital advancement, I took immediate action to halt
aggressive regulatory overreach that has stifled the growth of
cryptocurrency.
Third, he advocated for greater transparency in
prescription drug prices. He wrote, “I also
proudly signed an Executive Order ensuring that advertisements
provide accurate information about prescription drugs and do not
mislead consumers about their products — a crucial step in
making America healthy again.”
He also reaffirmed his commitment to protecting consumers,
saying, “We cannot afford to neglect the importance of an
informed and protected consumer — and I will continue to
ensure that every action the Federal Government takes is aligned
with protecting our rights, our privacy, and our Nation.”
Resources from the Federal Trade Commission about National
Consumer Protection Week are available here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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