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Trump administration proposes cut in FTC budget

Published on June 2, 2017 in Issue 918

The Trump administration is proposing a $306.3 million budget for the Federal Trade Commission for the 2018 fiscal year starting in October, down from this year’s budget of $313 million.

The Bureau of Consumer Protection would receive $171 million, compared with $172 million in the current fiscal year. The Bureau of Competition would receive $135 million, compared with $134 million in the current fiscal year.

Of the agency’s budget, $128 million would come from Hart-Scott-Rodino premerger notification fees and $15 million would come from fees paid to implement the Telemarketing and Consumer Fraud and Abuse Prevention Act. That measure’s best known provision is the Do Not Call Registry. The rest of the funds would come from a congressional appropriation.

The agency would have 22 fewer full-time-equivalent employees — 15 in the Bureau of Consumer Protection and seven in the Bureau of Competition — and it would achieve that via attrition, according to the budget proposal.

The proposal, announced on May 23, is subject to congressional review and revision.

REFERENCE:

https://www.ftc.gov/system/files/documents/reports/fy-2018-congressional-budget-justification/2018-cbj.pdf